Gold Bull, page-31

On 4 June 2014 Gryphon Minerals Ltd (ASX: GRY) signed a financing mandate for up to US$60 million in senior debt to develop the Banfora Gold Project

Macquarie mandated to act as sole arranger and underwriter to provide up to US$60 million Senior Loan Facility and associated Hedging and Cost Over Run Facilities, to fund the development of the Banfora Gold Project.

Gryphon is now well positioned to fund development from its existing cash and investments of A$43 million (US$40 million) and the proposed Macquarie Project Loan Facilities.

Awarding the mandate further de-risks Banfora Development timetable and under pins Gryphon’s future growth.

Some of us have been waiting more than others.