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Focus Graphite Inc. (TSXV:FMS,OTCQX:FCSMF,FWB:FKC) announced that Caterpillar Financial Services Corporation has signed a letter of interest, to further evaluate the Lac Knife Project.
As quoted in the press release:
Cat Financial holds the capabilities of arranging and syndicating various possible financial scenarios for the mining sector. The current expression of interest between Focus and Cat Financial is non-binding in nature with terms and conditions yet to be negotiated. Signing of a definitive agreement for project financing arrangements remains subject to credit approval and due diligence by Cat Financial, which would include, but is not limited to Focus Board of Director’s approval, as well as compliance with all applicable legal and regulatory requirements and approvals.
Focus Graphite President and COO, Don Baxter, said:
Cat Financial’s Letter of Interest represents an important milestone as we develop the Lac Knife project financing structure. Both parties are discussing mine equipment leasing plus project financing options with a view to achieving a mutually satisfactory conclusion.
Click here to read the Focus Graphite Inc. (TSXV:FMS,OTCQX:FCSMF,FWB:FKC) press release
Click here to see the Focus Graphite Inc. (TSXV:FMS,OTCQX:FCSMF,FWB:FKC) profile.