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$4m funding for Wedgetail

LOCAL listed gold explorer Wedgetail Exploration has agreed on terms and conditions for a $4 million working capital facility from Investec Bank (Australia). As part of the agreement, Investec will be granted 30 million options at 5.5 cents, expiring two years after issue. The funds will be used to advance the Nullagine gold project, 230 kilometres south-east of Port Hedland. The final feasibility study for the project is expected to be completed within the next few months, Wedgetail said. Investec is a specialist international banking group with major operations in Europe, Australia and South Africa.

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