Avesoro enters into R5m loan agreement, files directors’ circular

West African gold miner Avesoro Resources has entered into a loan agreement for an additional working capital facility of up to $5-million, payable in two tranches, with Avesoro Jersey (AJL) to assist with satisfying the company’s near-term cashflow needs. The company intends to draw down a first tranche of $3.5-million in the coming days, with the funds being made available for general working capital purposes.