Russia-focused White Tiger Gold Ltd. extended a $10 million the credit line it extended to Century Mining Corp., which White Tiger will purchase later this year, the companies said Tuesday.
Century Mining, which operates in Canada and Peru, will use the money to expand its operations before and after being acquired by White Tiger Gold, in which Russian investor Maxim Finskiy owns major stakes.
The existing bridge loans of $4 million from White Tiger will be amended and incorporated into the new facility, the companies said.
Century Mining's key venture is the Lamaque project in Val d'Or, Quebec.
