Premier Gold Mines Limited announced the signing of a definitive credit agreement with Investec Bank plc, as administrative agent for the lenders for a USD 50 million secured revolving term credit facility. Premier also announced financing arrangements with OMF Fund II SO Ltd. and Orion Mine Finance Fund II LP (collectively, "Orion") for aggregate gross proceeds of approximately USD 18.2 million. Details of the terms of the Investec Credit Facility and the Orion financing arrangements are described below. The Investec Credit Facility matures in four years and will be used for working capital requirements and general corporate purposes. Amounts borrowed under the Investec Credit Facility will bear interest at a variable rate per annum equal to LIBOR plus an applicable rate as determined by the Company's debt to adjusted EBITDA ratio for the immediately preceding fiscal quarter ranging from 3.00% to 4.30%. The Investec Credit Facility is secured by the assets relating to the South Arturo mine in Elko County, Nevada, U.S.A. ("South Arturo Mine"), and the Mercedes mine near Hermosillo, Sonora, Mexico. In connection with the entering into of the Investec Credit Facility, Premier issued to Investec 216,446 common shares ("Common Shares") in the capital of Premier and 1,500,000 common share purchase warrants ("Investec Warrants") of Premier, with each Investec Warrant exercisable into one Common Share until January 24, 2022 at an exercise price of CAD 2.17. The Common Shares and Investec Warrants are subject to a four-month plus one day hold period pursuant to applicable Canadian securities laws.