Financings

Batero Gold details amended related party loan terms

By The Northwire Desk — AI Analysis Oct 31, 2025 · 18:15 BAT · 0.06 Batero Gold Corp.

BAT · Price

Batero Gold Corp. announced an amendment to an existing unsecured related-party loan agreement between its subsidiary Minera Quinchia S.A.S. and Antioquia Gold Ltd., increasing the total loan facility from 2.4 billion to 4.8 billion Colombian pesos.
The amendment extends the loan term until December 20, 2025, and increases the available principal to approximately $1.63 million USD.
As of the release date, $1.4 million in principal has been advanced, with $354,714 in accrued interest owed. The funds are used for working capital and operational requirements in Colombia.

Loan Structure: Unsecured, non-convertible loan between Minera Quinchia S.A.S. (wholly owned subsidiary of Batero) and Antioquia Gold Ltd.
Original Agreement (Oct 1, 2022):
- Initial facility: 2.4 billion Colombian pesos (~$720,000 USD at the time).
- Term: 15 months from first disbursement.
- Interest Rate: IBR + 7.5% per annum (16.75% per annum).
- First Advance: October 20, 2022.
Amended Agreement (Jan 29, 2024):
- Increased Facility: 4.8 billion Colombian pesos (~$1,627,200 USD).
- New Maturity Date: December 20, 2025.
Current Financial Status:
- Total Principal Advanced: $1,406,656 USD.
- Total Interest Owed: $354,714 USD.
- Use of Proceeds: General working capital, corporate overhead, and operational requirements in Colombia.
Repayment Terms: Intended to be repaid in cash at maturity via intercompany financing. No bonuses, fees, or other consideration were paid.
Regulatory Compliance:
- Classified as a related party transaction under Multilateral Instrument 61-101 due to common controlling shareholders.
- Exempt from formal valuation requirements as shares are listed on the TSX Venture Exchange.
- Exempt from minority shareholder approval for the original loan (value < 25% of market cap) and the amended loan (non-convertible, reasonable commercial terms).
- Loan will not convert to securities without prior written exchange approval.

No direct quotes from the CEO or President were included in the provided text.

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