Heliostar Finances the Decline Construction for Ana Paula

Heliostar Metals and CEO Charles Funk have announced a $20 million debt facility to finance the construction of a decline for the Ana Puala project.

This debt facility allows the company to advance the project with minimal equity dilution. The facility has a 10% interest rate and requires the company to give up the economics on a portion of the gold produced from a bulk sample.

This financing option provides a more favorable outcome compared to raising equity or entering into a long-term NSR agreement.