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Royal Nickel Announces Appointment of Swedbank as Senior Project Bond Advisor
Jun. 22, 2015 09:31AM PST
Base Metals Investing Royal Nickel Corporation (TSX:RNX) has announced the appointment of Swedbank Norway as advisors for the contemplated senior bond financing of approximately US$600 million with a five year maturity for its Dumont Nickel Project (“Dumont”) located in the Abitibi region of Quebec.
Royal Nickel Corporation (TSX:RNX) has announced the appointment of Swedbank Norway as advisors for the contemplated senior bond financing of approximately US$600 million with a five year maturity for its Dumont Nickel Project (“Dumont”) located in the Abitibi region of Quebec.
As quoted in the press release,
Over the last 24 months, Swedbank has raised more than US$7 billion in bond financing for companies in the energy, transportation and mining sectors. In particular, Swedbank has a strong and consistent track-record of successful project financings in the natural resources segment.
Mark Selby, President and CEO of Royal Nickel, stated:
With the receipt of the main environmental permit expected before the end of this month, we are now focusing on the final task of raising sufficient financing to begin construction of Dumont, which is expected to be one of Canada’s largest base metal mines. We are excited by the prospect of working with Swedbank to complete both this cornerstone financing and the balance of the capital required to allow construction to begin at Dumont by early 2016.
Click here for the full Royal Nickel Corporation (TSX:RNX) press release