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| Image courtesy of Gold Anomaly. |
Under a convertible security agreement the American asset management company will provide funding under four tranches, with the first worth $1.6 million.
“Bergen’s investment provides Gold Anomaly with a substantial capital base to continue with its exploration and development plans at its Crater Mountain project and at the A2 polymetallic project at Croydon, while retaining flexibility in its funding options and reducing dilution for its existing shareholders,” Gold Anomaly executive chairman Greg Starr said.
The funding is especially helpful as Gold Anomaly could need to embark upon more expensive deep drilling to find the expected major source copper-gold system behind the high grade shallow gold found at the artisanal mining zone of the Crater Mountain project.
