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Gowest Gold Signs Letter of Intent for US$17.6 Million to Fund Bradshaw Advanced Exploration Bulk Sample

August 4, 2016 - releases
Gowest Gold Signs Letter of Intent for US$17.6 Million to Fund Bradshaw Advanced Exploration Bulk Sample

Gowest Gold Ltd.(TSX VENTURE:GWA)is pleased to announce that it has signed a non-binding Letter of Intent with Pandion Mine Finance, LP (“Pandion”) to fund the Company’s previously announced Advanced Exploration work (see Gowest release dated June 16, 2016) at its 100% owned Bradshaw Gold Deposit (“Bradshaw”), part of its North Timmins Gold Project (“NTGP”).

The US$17.6 million financing is subject to the completion of the remaining due diligence and the negotiation and execution of a Prepaid Forward Gold Purchase Agreement and related security documentation.
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