CAPITAL MARKETS

Southern repays loan with Cannon cash

SOUTHERN Gold has moved to repay a loan from Westgold Resources after receiving $A2 million from the first profit share distribution from the Cannon gold mine in Western Australia’s Goldfields region.

Andrew Hobbs
Southern repays loan with Cannon cash

Westgold, recently spun-out from Metals X, had provided Southern with a $2.5 million working capital facility as it worked with it to develop the mine. Southern said it would use the maiden distribution...

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