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Minco Silver Secured Debt Financing for the Fuwan Silver Project
Sep. 09, 2010 03:18PM PST
Company NewsMinco Silver Corporation (TSE:MSV) announced that, through its operating subsidiary Foshan Minco Fuwan Mining Co., Ltd., it has received conditional commitment of a project debt facility in the amount of RMB 300 million from the Guangdong Branch of the Industrial and Commercial Bank of China for the Company’s Fuwan Silver Project.
Minco Silver Corporation (TSX:MSV) announced that, through its operating subsidiary Foshan Minco Fuwan Mining Co., Ltd., it has received conditional commitment of a project debt facility in the amount of RMB 300 million from the Guangdong Branch of the Industrial and Commercial Bank of China for the Company’s Fuwan Silver Project.
The press release is quoted as saying:
Minco Silver Corporation (TSX:MSV) is a TSX listed company focusing on the acquisition and development of silver dominant projects. The Company owns 90% interest in the world class Fuwan Silver Deposit, situated along the northeast margin of the highly prospective Fuwan Silver Belt.
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