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Tiger Resources Moves Towards Securing $30 Million Bridge Financing Deal
May. 09, 2013 07:13AM PST
Base Metals Investing Mining Weekly reported that Tiger Resources has taken important steps towards securing bridge financing worth $30 million after FirstRand Bank confirmed internal credit approval.
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.