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Windsor Gold Mining enters into a SPPA with Lambert Funding LLC $20,000,000 USD
By: WindsorGold Mining/Lambert Private Equity LLC
Tuesday 26 March 2013 Windsor Gold Mining and Exploration Inc
Windsor Gold Mining & Exploration Incorporated (Windsor Gold/W.G.) announced today that it has signed a Special Private Placement Agreement (SPPA) for USD $20,000,000 of equity line funding with Lambert Private Equity LLC (Lambert).
Windsor Gold's plan in the use of these funds is to provide for the purchase of mining equipment to facilitate the extraction and processing of gold from its mining leases in the Cariboo region of British Columbia, Canada. Upon funding and arrival of equipment, W.G. will immediately go into production. The funding will also provide for continuing exploration and property purchases, not only in British Columbia, but other suitably designated regions of North America.
The funding structure is a 3 year facility. Lambert funds public companies with market capitalizations under $ 1 billion, as well as private companies that will be listed on a securities exchange within one year of a funding commitment. Lambert will invest in all sectors including infrastructure, manufacturing, construction, mining, communications, healthcare, energy and finance.
Windsor Gold's President and CEO, Adrian Laprise commented:
"This funding agreement with Lambert is very timely for the rapid expansion of our projects. Windsor Gold Mining & Exploration Incorporated is very pleased to partner with Lambert Private Equity, as we move forward not only with our mining preparation work and subsequent delivery of further precious metals to the marketplace, but also the Company's Security Exchange Listing."
About Windsor Gold Mining & Exploration Incorporated
Windsor Gold holds a portfolio of properties in the Cariboo District in central interior of British Columbia, one of the historically highest gold producing areas in Canada. With conservative estimates well in excess of 2 million ounces of gold produced from the region to date. Windsor Gold has a team of knowledgeable and extremely capable people who will ensure; the company is managed and maintained in a well organized, diligent and transparent manner, and that the company's major asset of Canadian Creek and other assets are mined to their potential, whilist protecting shareholders interest
Windsor Gold Mining & Exploration Incorporated
20473 36th Ave Langley, BC V3A 2R7 Canada