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Shinhan Bank Moves Forward With Due Diligence for Woulfe Mining’s Sangdong Project Financing
Sep. 25, 2012 11:30AM PST
Industrial MetalsWoulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) is now moving forward with its proposed US$150 million debt financing with Shinhan Bank.
As quoted in the press release:
The Sangdong mine and process plant will be funded with $35 million in equity from IMC and US$150 million in debt from Shinhan bank. The APT refinery joint venture company will be funded with US$35 million invested by IMC and by Woulfe through debt and equity.
Woulfe Mining CEO and President Brian Wesson said:
Woulfe is now focused on moving the project development forward and finalizing the financing as quick as possible.
Click here to read the Woulfe Mining (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) press release
Click here to see the Woulfe Mining (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) profile
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