Firstgold Corp. (FGD.TO, FGOC.OB) announced that it has arranged a US$ 15.75 million senior secured note facility with two US-based investment funds, which is fundable in five tranches, the first of which closed for aggregate gross proceeds of $6.74 million.
Fifteen million common share purchase warrants having a three year term and exercise price of $0.4357 per share were also issued today to the Lenders.
The second advance under the Loan in the amount of $5.26 million is expected to occur on or before August 30, 2008.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.