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CRG awaits second funding tranche from investor

Creamer Media Contributing Editor Online
A second tranche of $500 000 in funding, which forms part of Central Rand Gold’s (CRG’s) $1-million loan agreement with investor Jia Bang Wang, has been delayed, the miner said on Thursday. The company explained that certain exchange restrictions had led to the delay, but that efforts were being made to expedite the transfer process. “We continue to monitor our cash position,” the company said in a statement.

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