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Roxgold Clarifies Why Credit Suisse Bailed, Earns Mining Decree For Yaramoko

Roxgold (OTC:ROGFF) is a Canadian gold company focused on developing its Yaramoko gold project in Burkina Faso, West Africa. Roxgold shares climbed on news of the receipt of the exploitation (mining) permit from Burkina Faso authorities (see Figure 1). The receipt of this permit will now allow the company to commence underground mining construction at the 55 Zone deposit. Financial risk still looms, however, after Credit Suisse pulled out of their half of the $75 million debt deal, leaving Roxgold $37.5 million short in project…