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Karnalyte Takes on Bank Debt to Develop Potash Project
Dec. 19, 2011 12:41PM PST
Potash InvestingGlobe 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.
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