KalNorth Gold Mines Limited (ASX: KGM) advises receipt of further loan funds of $180,000 in aggregate from a director of the Company and a major shareholder of the Company.

Together with loan funds previously received and reported, the total loan funds from these parties are now just under $512,000. Interest at the rate of 8% per annum is chargeable on these loans, which are repayable by 31 December 2020. Pending development of a longer-term funding plan, the major shareholder has indicated its continuing support for the Company.

Contact:

Email: Jerry.hu@kalnorthgoldmines.com

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