Greenock Resources: Funding for PTM Minerals’ Kakanda Project

- September 21st, 2011

Greenock Resources (CVE:GKR) announced that its subsidiary has been funded for the continuation of the Kakanda copper-cobalt project.

Greenock Resources (TSXV:GKR) announced that its subsidiary has been funded for the continuation of the Kakanda copper-cobalt project.

The press release is quoted as saying:

The funds will be used to finance working capital requirements for Greenock’s Kakanda project in the DRC. The Kakanda project is managed through Greenock’s wholly owned subsidiary PTM.

Greenock’s President and CEO, Michael Newbury said:

“Kakanda is recognized as an advanced project that can be developed quickly once the final title issues, joint venture agreements and concessions payments are completed. We continue to have discussions with interested parties that will be able to provide the larger financing package and management expertise that is required to advance the Kakanda project to the next stage of development.”

Click here to read the entire news release.

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