Valence Industries Ltd. (ASX:VXL) announced that it’s entered into binding heads of agreement for US$75 million worth of debt finance facilities. The money will be used for the company’s planned expansion programs.

As quoted in the press release:

The company will provide further details of the terms and conditions for the debt facility together with details of the proposed capital raising notified in the trading halt announcement prior to the stock resuming trading expected to be before commencement of trade on Tuesday 5th of May 2015.

Click here to read the full Valence Industries Ltd. (ASX:VXL) press release.

Valence Industries Limited (ASX:VXL) is an industrial manufacturing company producing high grade flake graphite products for distribution and sale to global markets. Valence Industries owns established processing facilities and infrastructure to manufacture a wide range of graphite product lines for multiple applications and multiple industries. Valence Industries produces and sells its graphite products from its Uley Graphite facilities in regional South Australia for delivery to diversified markets for graphite in the Asia Pacific, Europe and North America.

asx:vxl australia europe flake graphite Company News