Namakwa Secures USD15m Loan From Private Investor

- May 25th, 2010

Namakwa Diamonds  Ltd. (NAD), an integrated diamond resource group focused on diamond mining and beneficiation across Southern Africa has announced that the company has already secured a $15-million loan from a private sector at a fixed rate of 8.5 percent per annum.
Namakwa’s Chief Executive Nico Kruger is quoted saying:
“By securing debt finance at a competitive […]

Namakwa Diamonds  Ltd. (NAD), an integrated diamond resource group focused on diamond mining and beneficiation across Southern Africa has announced that the company has already secured a $15-million loan from a private sector at a fixed rate of 8.5 percent per annum.

Namakwa’s Chief Executive Nico Kruger is quoted saying:

“By securing debt finance at a competitive market rate, we are leveraging off our balance sheet strength to unlock significant value from our near-term production projects at the earliest opportunity.  In turn, we believe that this will continue to drive accretive value for shareholders.”

Click here to access the entire Press Release

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