Scotgold Resources Ltd has repaid the short-term loan plus interest from Bridge Barn Ltd with just over £1 million revenue from its April 2022 gold concentrate sales.
Bridge Barn is owned and controlled by one of Scotgold’s non-executive directors Nathaniel Le Roux.
The Australian company used the £250,000 for working capital requirements affected by shipment delays due to macro and geo-political events during March 2022.