July 9, 2008
by Sarah Wilsdon
Hudson secures interim financing for Greenland diamond project
by Sarah Wilsdon
Hudson Resources Inc., a mining company focused on diamond exploration in West Greenland, has signed an agreement with a major mining house to obtain interim financing for its Greenland diamond project.
The agreement allows Hudson to drawdown up to $2 million at a rate of prime plus 2 percent. The loan matures January 4, 2009.
Hudson’s recent discoveries include the recovery of a 2.4 carat diamond from the Garnet Lake dike. The company has a direct 100% interest in 2,500 sq. km. in the Sarfartoq region, near Kangerlussuaq, Greenland.
Story link: Hudson secures interim financing for Greenland diamond project
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