OceanaGold draws final C$50 million under revolving facility

By Wendy Van Sickle

Columbus, Ohio, March 26 – OceanaGold Corp. drew down the remaining C$50 million of availability under its C$200 million revolving credit facility, according to a news release.

The drawdown was made to maximize cash reserves and reduce liquidity risk given the volatile and uncertain financial market conditions.

The facility has a maturity date of Dec. 31, 2021.

OceanaGold is a gold exploration company based in Melbourne, Australia.

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