Leagold Mining Corporation announced it has received a binding underwritten commitment from a syndicate of lenders for a $200 million term loan (the Term Loan) and a $200 million revolving credit facility (the RCF, and collectively with the Term Loan, the New Loan Facilities). These loans will be used to repay current debt and finance the Company's growth through the phased expansion of the Los Filos mine and the construction of the Santa Luz project, without having to access equity markets. The New Loan Facilities are being provided by Société Générale, Investec Bank plc, and ING Capital LLC, with each institution acting as Joint Bookrunner and Joint Lead Arranger, and Société Générale acting as Coordinating Bank on behalf of Leagold. Société Générale will be the Administrative Agent, Investec will be the Technical Agent, and both Société Générale and ING will be Co-Syndication Agents. The New Loan Facilities are subject only to completion of definitive loan documentation, registration of material security interests, and other customary closing conditions, with completion in May 2019 and not later than June 30, 2019. The Term Loan and a portion of the RCF will be used to repay Leagold's existing loan facilities of $238 million. The remaining RCF availability will provide additional funding and cash management flexibility. The New Loan Facilities will bear interest at LIBOR plus a margin of 3.75% to 4.45%, which compares favourably to the current term loan facility at LIBOR plus 7%. With the Term Loan, repayments are scheduled to commence on September 30, 2021, further increasing the amount of internal cash flow to be used to fund the growth plan. The $200 million RCF includes $50 million of funding for the development of the Santa Luz project in 2021, if needed.