2013-03-03 08:58:22 - EastBank Capital issued a Letter of Agreement for a Commercial Finance Loan of $25M to acquire and extract gold (Au) assets from a proven reserve in Peru.
EB Capital, LLC (“EastBank Capital”) announced today that it has issued a Letter of Agreement for a Commercial Finance Loan of Twenty Five Million Dollars (“Loan”) to a privately held Trust Mining Company (“Company”) in connection with a planned project finance facility for the development of the Company's Gold Project. The proceeds of the Loan will be used by the Company for commercial extraction and exploitation of proven gold (Au) assets in the Country of Peru.
The Borrower is a privately held Trust Mining Company firm currently involved in exploration and mine planning for the development of in-ground asset extraction thru commercial applications. The mine has completed Geological Surveys that show approximately 2 million plus ounces of recoverable gold (Au)
that is readily available thru surface mining.
"The proceeds of the Loan will greatly assist the Borrower in developing a proven mine that is currently operating and propel the operations that will meet the ever increasing demands for gold. “ said Joshua Estes, Managing Partner of EastBank Capital.
About EastBank Capital:
EastBank Capital is a leading international private firm offering Project Finance Loans to clients throughout the world with more than 20 years of combined experience.
The firm’s executives provide a full range of capital solutions to the world’s leading commercial and industrial enterprises, as well as to public and private companies. EastBank Capital’s executives meet the needs of its clients by offering a highly integrated and collaborative range of expertise across key business sectors throughout its global network. EastBank Capital’s integrated practice is underpinned by its team members’ acknowledged expertise and a strong tradition of innovation and client service.