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Orocobre and Toyota Tsusho Close US$192 Million Project Financing for Olaroz
Dec. 06, 2012 07:36PM PST
Battery MetalsOrocobre Limited (TSX:ORL,ASX:ORE) announced that along with its joint venture partner, Toyota Tsusho Corporation, it has executed the loan documentation for the project financing for its Olaroz lithium project in Argentina. The companies will receive financing from Mizuho Corporate Bank Ltd for a value of approximately US$192 million.
Orocobre Limited (TSX:ORL,ASX:ORE) announced that along with its joint venture partner, Toyota Tsusho Corporation, it has executed the loan documentation for the project financing for its Olaroz lithium project in Argentina. The companies will receive financing from Mizuho Corporate Bank Ltd for a value of approximately US$192 million.
As quoted in the press release, the terms of the financing are as follows:
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Click here to view the full press release.
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