Is RSG Over Sold ?, page-190

You better ready the announcement properly.

"Resolute Mining Limited (ASX/LSE: RSG, Resolute or the Company) is pleased to advise repayment of the
US$130 million acquisition bridge facility (Facility) which funded the cash component of Resolute’s acquisition of
Toro Gold Limited (Toro Gold) (see ASX Announcement dated 31 July 2019).
Repayment of the Facility was funded from proceeds of Resolute’s recent successful equity raising (see ASX
Announcements dated 21 January 2020 and 23 January 2020) in combination with available cash on hand.
Retirement of this debt will reduce the Company’s ongoing interest payments and overall cost of borrowing in
addition to simplifying its capital structure."

"Resolute has signed definitive agreements for the sale of the Ravenswood Gold Mine in Queensland to a
consortium comprising a fund managed by private equity manager EMR Capital and leading energy and mining
company Golden Energy and Resources
• Sale proceeds of up to A$300 million in cash to be received by Resolute comprising A$100 million of upfront
value and up to A$200 million in potential payments contingent on future gold prices, future gold production from
the Ravenswood Gold Mine, and the investment outcomes from the Ravenswood Gold Mine for EMR Capital"