The Conversation (0)
Mining Weekly reported Woulfe Mining (TSXV:WOF) said financing for its Sangdong tungsten/molybdenum project is progressing with a loan from Shinhan Bank.
Mining Weekly reported Woulfe Mining (TSXV:WOF) said financing for its Sangdong tungsten/molybdenum project is progressing with a loan from Shinhan Bank.
As quoted in the market news:
South Korea’s largest bank offered the TSX-V-listed company a 12-year term loan amounting to KRW120-billion (Korean won), which is equal to about $104-million for the development of the Sangdong project.
The loan entails a 12-year KRW110-billion senior debt facility, as well as a KRW10-billion working capital credit facility.