Austral Gold Announces New Related Party Loan
Austral Gold Announces New Related Party
Loan
Sydney, Australia--(Newsfile Corp. - August 18, 2025) -
Austral Gold Limited
(ASX: AGD) (TSXV:
AGLD) (OTCQB: AGLDF) (
"Austral"
or the
"Company"
), an established gold producer, is pleased to
advise that that its Argentine subsidiary Austral Gold Argentina SA (AGASA), has obtained a new
US$1.3 million unsecured related party loan from Banco Hipotecario (BH). BH is related to Austral's
largest shareholder and Chair, Eduardo Elsztain.
The proceeds of the loan will be applied against the AR$1,600 million loan (approximately to US$1.25
million at 18 August 2025) previously obtained and subsequently renewed from BH, as announced on 30
April 2024 and 30 January 2025, respectively, which became due on 1 August 2025.
Material terms of the loan agreement:
Loan Amount: US$1.3 million;
Loan Term: 12 months;
Interest Rate: 11%;
Repayment schedule: 12 consecutive monthly instalments: first installment due in 120 days from
receipt of the loan;
Use of Proceeds: Repayment of the previous BH loan of AR$1,600 million, accrued interest, and
structuring fees; and
Security: the loan is unsecured.
Following this transaction, the Company's overdraft balance with BH will be approximately ARS$75
million (US$~58,000).
About Austral Gold
Austral Gold is a growing gold and silver mining producer building a portfolio of quality assets in the
Americas based on three strategic pillars: production, exploration and equity investments. Austral
continues to lay the foundation for its growth strategy by advancing its attractive portfolio of producing
and exploration assets.
For more information, please visit the Company's website at
www.australgold.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Release approved by the Company's Chief Executive Officer of Austral Gold, Stabro Kasaneva.
For additional information please contact:
David Hwang
Jose Bordogna
Joint Company Secretary
Chief Financial Officer and Joint Company
Secretary
Austral Gold Limited
Austral Gold Limited
+61 433 292 290
+61 466 892 307
Forward-Looking Statements
Statements in this announcement that are not historical facts are forward-looking statements. Forward
looking statements are statements that are not historical, and consist primarily of projections -
statements regarding future plans, expectations and developments. Words such as "expects", "intends",
"plans", "may", "could", "potential", "should", "anticipates", "likely", "believes" and words of similar
import tend to identify forward-looking statements. Forward-looking statements in this announcement
include statements regarding the use of proceeds, the amount of the overdraft balance with BH, and our
expectation that we can continue to lay the foundation for our growth strategy by advancing our attractive
portfolio of producing and exploration assets.
All of these forward-looking statements are subject to a variety of known and unknown risks,
uncertainties and other factors that could cause actual events or results to differ from those expressed or
implied, including, without limitation, uncertainty of exploration programs, development plans and cost
estimates, commodity price fluctuations; political or economic instability and regulatory changes;
currency fluctuations, the state of the capital markets, uncertainty in the measurement of mineral
resources and reserves and other risks and hazards related to the exploration of a mineral property, and
the availability of capital and a skilled workforce. You are cautioned that the foregoing list is not
exhaustive of all factors and assumptions which may have been used. Austral cannot assure you that
actual events, performance or results will be consistent with these forward-looking statements, and
management's assumptions may prove to be incorrect. Austral's forward-looking statements reflect
current expectations regarding future events and operating performance and speak only as of the date
hereof and Austral does not assume any obligation to update forward-looking statements if
circumstances or management's beliefs, expectations or opinions should change other than as required
by applicable law. For the reasons set forth above, you should not place undue reliance on forward-
looking statements.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/263019