Plexus financing (May 02, 1988)

A $33-million(US) credit facility has been established by Plexus Resources Corp. (TSE). Completed with Elders Resources Finance, based in Sydney, Australia, the deal also gives Elders warrants with which to purchase 2.5 million Plexus common shares. The loan will allow Plexus to fund it share of development costs at the Rawhide gold project in Nevada.