North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Pebble Partnership copper gold molybdenum mine project Alaska Northern Dynasty NAK NDM

By Shane Lasley
North of 60 Mining News 

Investors approve funds for Tulsequah plan

Green light allows Redcorp to sell B.C. project's gold for C$90 million and secure C$110 million in loans; money will pay for mine's development


Last updated 9/28/2008 at Noon

Redcorp Ventures Ltd. and subsidiary Redfern Resources Ltd. said holders of more than the required two-thirds of the company's 13 percent senior secured notes have agreed to certain amendments to the note terms between the junior mining company and CIBC Mellon Trust Co.

The proposed amendments will give Redcorp access to about $200 million in capital to be used to develop the Tulsequah Chief M...

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