Karnalyte Takes on Bank Debt to Develop Potash Project
Investing News Network - December 19th, 2011
Globe and Mail reported that Karnalyte Resources (TSX:KRN) took out a bank loan after cancelling its bought-deal financing.
Globe and Mail reported that Karnalyte Resources (TSX:KRN) took out a bank loan after cancelling its bought-deal financing.
As quoted in the market news:
The Wynyard Carnallite project is estimated to require capital expenditure worth $593-million, and the firm plans to finance about half of that with debt, and the other half with equity.