Ann: Mutiny Gold Receives First Funding Deposit , page-3

re: Ann: Mutiny Gold Receives First Funding D... Mutiny Gold Receives First Funding Deposit
Platform for final project financing continues to build
Highlights
? USD$4 million first deposit on a non-interest bearing Commercial Agreement.
? Mutiny’s existing principal lender, Credit Suisse, has given full assent and support to the agreement and is
currently working with Mutiny on concluding Project Finance arrangements for the entire Deflector
Project.
Mutiny Gold Ltd (ASX: MYG) (“Mutiny” or the “Company”) is pleased to announce that it has received a USD$4m
first deposit on a non-interest bearing Commercial Agreement (“Agreement”). The deposit is intended as the
precursor to a wider Agreement which will supplement the project finance requirements for the development of
the Company’s flagship Deflector Gold Copper Deposit (“Deflector”).
The terms of the Agreement enables Mutiny to continue escalating its project development whilst concluding the
ongoing Project Finance arrangements with Credit Suisse and other financial institutions.
Credit Suisse and Mutiny have already entered into an $11M loan which enabled Mutiny to complete the
acquisition of Deflector, conduct a massive 15,000M drill program and advance its feasibility studies. Mutiny and
Credit Suisse are now in negotiations for the Project Finance Loan for Deflector. An Independent Technical
Evaluation is currently being conducted by consultants for Credit Suisse as a precursor to finalising terms.
Mutiny Gold Managing Director, Mr John Greeve, said, “This is a very positive move for Mutiny, as it moves to
complete the financial platform for funding the development and mine operations at Deflector. This initial deposit
is completely in line with our stated objective to minimise overly dilutive equity issues while progressing Deflector.
The Company continues to make extensive strides towards the total commercial funding package.”
-ENDSFor further information, please contact:
John Greeve D