Tiger Resources Moves Towards Securing $30 Million Bridge Financing Deal

Mining Weekly reported that Tiger Resources has taken important steps towards securing bridge financing worth $30 million after FirstRand Bank confirmed internal credit approval.

As quoted in the Mining Weekly report:

Tiger said on Thursday that the bridging facility would be available to supplement cash flow from the existing Stage 1 heavy media separation operation, which was being used to finance ongoing construction of the Stage 2 plant.

To view the whole Mining Weekly report, click here.