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Wolf Minerals Receives Revised Credit Approval for Financing of the Hemerdon Tungsten Project
Nov. 19, 2012 11:08AM PST
Company News
Wolf Minerals (ASX: WLF) has received an updated and increased credit approval in senior debt finance facilities from UniCredit Bank AG (UniCredit Corporate & Investment Banking), ING Bank N.V. and Caterpillar Financial SARL for £75 million (A$115 million).
Wolf Minerals (ASX:WLF) has received an updated and increased credit approval in senior debt finance facilities from UniCredit Bank AG (UniCredit Corporate & Investment Banking), ING Bank N.V. and Caterpillar Financial SARL for £75 million (A$115 million).
As quoted in the press release:
The Company is delighted to have received the revised credit approval for the senior debt component of Hemerdon’s project funding. Provision of the £75 million (A$115 million) senior debt facilities is now subject to completion of the project finance documentation and conditions precedent customary for a financing of this nature.
Click here to read the Wolf Minerals (ASX:WLF) press release