{"id":591836,"date":"2019-12-18T04:26:52","date_gmt":"2019-12-18T04:26:52","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/18\/aton-secures-cad-300k-bridge-loan-for-work-in-egypts-abu-marawat-concession\/"},"modified":"2019-12-18T04:26:52","modified_gmt":"2019-12-18T04:26:52","slug":"aton-secures-cad-300k-bridge-loan-for-work-in-egypts-abu-marawat-concession","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/18\/aton-secures-cad-300k-bridge-loan-for-work-in-egypts-abu-marawat-concession\/","title":{"rendered":"Aton secures CAD 300k bridge loan for work in Egypt\u2019s Abu Marawat concession"},"content":{"rendered":"

<\/a> Canadian mining firm Aton Resources has lined up a CAD 300k bridge loan <\/strong>from Ou Moonrider to finance its work in the Abu Marawat concession in Egypt, according to an emailed statement (pdf)<\/a>. The loan carries a 10% annual interest rate. Aton had said in June<\/a> it discovered two new gold mine prospects in the eastern desert concession, with preliminary sampling returning positive results. The mining company said in the statement it is also still waiting on an exploitation license for the West Hamama concession, where Aton is looking to secure 20-year exploitation rights<\/a>. If the Egyptian Mineral Resources Authority grants the license, Aton would become the second major gold producer in Egypt after Centamin.<\/p>\n","protected":false},"excerpt":{"rendered":"

Canadian mining firm Aton Resources has lined up a CAD 300k bridge loan from Ou Moonrider to finance its work in the Abu Marawat concession in Egypt, according to an emailed statement (pdf). The loan carries a 10% annual interest rate. Aton had said in June it discovered two new gold mine prospects in the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[10266,7106,2121,72,7093,373,10966,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-591836","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-aton","tag-debt","tag-egyptian-mineral-resources-authority","tag-enterpriseam","tag-gold","tag-mining","tag-ou-moonrider","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"8d3fa948-e421-4194-b53a-64aaec411de4","is_powered_by":true,"section_story_id":"24e6f8a6-651d-43b3-a3c9-7c377e6950ee","story_type":"1","photo_url":"","photo_position":"above","related_issue":[591824],"teaser":"","voice_url":""},"yoast_head":"\nAton secures CAD 300k bridge loan for work in Egypt\u2019s Abu Marawat concession - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/18\/aton-secures-cad-300k-bridge-loan-for-work-in-egypts-abu-marawat-concession\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aton secures CAD 300k bridge loan for work in Egypt\u2019s Abu Marawat concession\" \/>\n<meta property=\"og:description\" content=\"Canadian mining firm Aton Resources has lined up a CAD 300k bridge loan from Ou Moonrider to finance its work in the Abu Marawat concession in Egypt, according to an emailed statement (pdf). The loan carries a 10% annual interest rate. Aton had said in June it discovered two new gold mine prospects in the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/18\/aton-secures-cad-300k-bridge-loan-for-work-in-egypts-abu-marawat-concession\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-18T04:26:52+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/18\/aton-secures-cad-300k-bridge-loan-for-work-in-egypts-abu-marawat-concession\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/18\/aton-secures-cad-300k-bridge-loan-for-work-in-egypts-abu-marawat-concession\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Aton secures CAD 300k bridge loan for work in Egypt\u2019s Abu Marawat concession\",\"datePublished\":\"2019-12-18T04:26:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/18\/aton-secures-cad-300k-bridge-loan-for-work-in-egypts-abu-marawat-concession\/\"},\"wordCount\":128,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Aton\",\"debt\",\"Egyptian Mineral Resources Authority\",\"EnterpriseAM\",\"gold\",\"mining\",\"Ou Moonrider\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/18\/aton-secures-cad-300k-bridge-loan-for-work-in-egypts-abu-marawat-concession\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/18\/aton-secures-cad-300k-bridge-loan-for-work-in-egypts-abu-marawat-concession\/\",\"name\":\"Aton secures CAD 300k bridge loan for work in Egypt\u2019s Abu Marawat concession - 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The extension will give Aton enough breathing room to \u201cmigrate\u201d to the new system that will be\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599436,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/aton-discovers-two-new-mining-prospects-at-its-abu-marawat-concession\/","url_meta":{"origin":591836,"position":1},"title":"Aton discovers two new mining prospects at its Abu Marawat concession","author":"enterpriseam admin","date":"27 June 2019","format":false,"excerpt":"Canadian mining firm Aton Resources has discovered two new gold mine prospects at Safaga South and Wasif in the company\u2019s Abu Marawat concession in the eastern desert, according to a statement out last week. Preliminary sampling has returned positive results after the company identified \u201cancient mining settlements\u201d at both prospects.\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598127,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/15\/canadas-aton-resources-looks-to-raise-cad-1-5-mn-to-fund-gold-exploration-in-egypt\/","url_meta":{"origin":591836,"position":2},"title":"Canada\u2019s Aton Resources looks to raise CAD 1.5 mn to fund gold exploration in Egypt","author":"enterpriseam admin","date":"15 May 2019","format":false,"excerpt":"Canada\u2019s Aton Resources looks to raise CAD 1.5 mn to fund gold exploration in Egypt: Egypt-focused Canadian miner Aton Resources is raising CAD 1.5 mn in a non-brokered private placement to fund exploration and development in its Abu Marawat concession in Egypt, according to a statement (pdf). The company is\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574272,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/03\/aton-resources-to-execute-reverse-stock-split-to-finance-abu-marawat-expansion\/","url_meta":{"origin":591836,"position":3},"title":"Aton Resources to execute reverse stock split to finance Abu Marawat expansion","author":"enterpriseam admin","date":"3 September 2020","format":false,"excerpt":"Egypt-focused Aton Resources will execute a reverse stock split sometime in mid-September to finance exploration at its Abu Marawat concession, as well as for \u201cgeneral corporate purposes, the Toronto-listed company said in a statement. The gold miner plans to issue up to USD 5 mn in a private placement of\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569155,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/16\/egypt-awards-aton-resources-gold-mining-rights\/","url_meta":{"origin":591836,"position":4},"title":"Egypt awards Aton Resources gold mining rights","author":"enterpriseam admin","date":"16 February 2020","format":false,"excerpt":"Aton Resources gets Egypt\u2019s first new gold exploration license in 15 years: Egypt has approved an application from Vancouver-based Aton Resources for an exploitation license at Hamama, the company said in a statement (pdf). Aton will mine for gold in the Eastern Desert\u2019s Hamama region under a 20-year license with\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/201.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":627562,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/aton-moves-one-step-closer-to-obtaining-exploitation-license-on-hamama-west-concession\/","url_meta":{"origin":591836,"position":5},"title":"Aton moves one step closer to obtaining exploitation license on Hamama West concession","author":"enterpriseam admin","date":"5 June 2018","format":false,"excerpt":"Canada\u2019s Aton Resources has moved one step closer to obtaining an exploitation license on its Hamama West gold concession, the company announced in a press release. 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