SEOUL, South Korea--(BUSINESS WIRE)-- Bluebird Merchant Ventures Ltd (“BMV”), a London Stock Exchange listed mining company (LSE:BMV) is pleased to announce that it recently received a second tranche of non-dilutive funding from Auric Network Limited, (“Auric”), a Hong Kong based company, as prepayment for gold at a 20% discount to the market price of gold at the time of delivery. BMV expects a third funding tranche on the week of the 15th, March 2021 that is designated for construction at Geochang (Kochang). Aidan Bishop, Founding Director at BMV, states, “As investors continue to battle th...
Bluebird Merchant Ventures is a South Korea-focused resources company which is bringing old gold mines back to life. It is far quicker and cheaper to rehabilitate old gold mines than fund exploration, mines where production was curtailed a couple of decades ago due to a low gold price (under US$140/oz). Recently, Bluebird gained a binding agreement for a US$5-20m gold streaming style deal to fund reopening its gold mines. Bluebird set to gain a 100% stake with production starting in Q1 2021...
Potentially industry leading gold producer in South Korea now on the cusp of a 50,000oz pa net to Bluebird production profile Bluebird Merchant Ventures is a South Korea-focused resources company which is bringing old gold mines back to life. It is far quicker and cheaper to rehabilitate old gold mines than fund exploration, mines where production was curtailed a couple of decades ago due to a low gold price (under US$140/oz). Recently, Bluebird gained a binding agreement for a US$5M gold s...
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