Ann: Galaxy Secures US$40m Debt Facility With BNP Paribas, page-13

Its positive for the following reasons.

Maturing loans are now covered.
Insecurity surrounding existing loans are now history.
With the new loan, a banking relationship can be built with a tier 1 bank.
Excess cashflow can be directed to development of SDV and James Bay.
GXY can now justify, and prove financial credibility to the point that tier 1 bank is now interested .

I could go on, but I think you get the gist.