News: Scotgold Resources to consider all finance options after repaying loan

Scotgold Resources (ASX:SGZ, LON:SGZ) has said it's taken an important step forward with the redemption of a renminbi-denominated RMB.

In a stock exchange statement the Scottish gold firm confirmed the full repayment of the £1.2mln loan.

Chief executive Richard Gray highlighted that the company is now closer to securing project finance for the development of the Cononish mine.

“In parallel to the technical review, which is currently being advanced, we are now in a position to consider all options for securing the necessary finance.

“The next milestone will be the announcement of a new Mineral Resource Estimate, which is expected by the end of January 2015.”