Lundin Gold Inc. (TSX:LUG) announced that it has received $35,000,000 in credit facility for gross proceeds of on January 16, 2017. The transaction included participation from returning lender Zebra Holdings and Investments S.à.r.l. The company issued unsecured debenture in the transaction. The debenture carries no interest rate and maturity date of May 31, 2017. Any amount of the debenture remaining unpaid and outstanding on or after the maturity date shall bear fixed interest rate of 5% per annum until repaid in full. The company issued 60,000 common shares as fees and will issue additional 1,700 common shares per month for each $1,000,000 drawn down and outstanding until the maturity date. The transaction is subject to TSX Venture Exchange approval. The securities issued are subject to hold period of four months. On May 30, 2017 , the company announced that the extension of maturity date of short term credit facility from March 31, 2017 to June 30, 2017.