May 7 (Reuters) - Teranga Gold Corp TGZ.TO :
* TERANGA GOLD ANNOUNCES FIRST DRAWDOWN UNDER FACILITY FOR CONSTRUCTION OF ITS SECOND MINE
* TERANGA GOLD - FIRST DRAWDOWN UNDER PF TRANCHE WAS $70 MILLION, $15 MILLION OF WHICH USED TO CLOSE OUT REVOLVING CREDIT FACILITY WITH SOCIÉTÉ GÉNÉRALE
* TERANGA GOLD CORP - FACILITY IS COMPRISED OF $165 MILLION TO BE USED TOWARDS FUNDING DEVELOPMENT OF WAHGNION GOLD PROJECT
* TERANGA GOLD - FACILITY ALSO INCLUDES $25 MILLION TO BE USED TOWARD FUTURE ADVANCEMENT OF FEASIBILITY STUDY FOR GOLDEN HILL PROJECT