Augusta Announces $40 Million Debt Refinancing and Copper Concentrate Off-take Commitment
Vancouver, BC, January 4, 2010 - Augusta Resource Corporation (TSX/NYSE Amex: AZC) ("Augusta" or "the Company" is pleased to announce that Augusta and Red Kite Explorer Fund LP ("Red Kite") have signed a credit approved term sheet relating to a US$40 million senior secured loan and copper concentrate off-take agreement for the Rosemont copper project. Red Kite has issued a commitment letter subject to any required regulatory approvals and customary due diligence and legal documentation.
