Sihayo Gold Secures further interim funding
- Sihayo Gold (SIH) has secured interim funding from its shareholder, PT Saratoga Investama Sedaya Tbk
- The company agreed to fund US$500,000 (A$695,000) to SihayoGold, at an interest rate of 10 per cent per annum
- The new funding follows an interim grant totalling US$1.2 million (A$1.6 million) from the company’s largest shareholder, Provident Minerals, paid in two tranches
- The funding from both shareholders will be used by Sihayo to continue its exploration activities at Hutabargot Julu and optimisation studies on the Sihayo Starter Project
- SihayoGold finished the day in the grey at 0.8 cents
