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Stock Market & Financial Investment News

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December 12, 2013
06:08 EDTFNVTeranga enters $135M stream transaction with Franco-Nevada
Teranga Gold and Franco-Nevada to announced that they have agreed to enter into a $135M stream transaction that has allowed Teranga to enter into definitive share purchase agreements with Bendon International and Badr Investment & Finance to acquire the balance of the OJVG that it does not already own and to retire $30M of its $60M debt facility with Macquarie Bank. On completion of these transactions, the combination of Sabodala and the OJVG satellite deposits is expected to allow Teranga to reach its phase 1 growth objective of 250,000 to 350,000 ounces of gold production leveraging off of its existing mill and infrastructure.
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