GoviEx Uranium (TSXV: GXU) (OTCQB: GVXXF) (“GoviEx” or the “Company”) is pleased to announce that, further to its news release dated September 12, 2016, announcing the appointment of Medea Capital Partners as Project Debt Advisor, expressions of interest have now been received from Export Credit Agencies and project finance banks (collectively, the “Lenders”) to arrange US$220 million of senior debt financing for the construction of the Madaouela Uranium Project in Niger (the “Madaouela Project”).
Govind Friedland commented:
“The level of interest shown by the Export Credit Agencies and the banks to provide financing accretes confidence in the Madaouela Project. We will now proceed to the detailed due diligence phase with the various groups, while at the same time moving forward on the other parts of our four-stage strategy.”
The board of directors of GoviEx (the “Board”) is reviewing the expressions of interest received and will seek to enter into discussions with the Lenders, in order to determine the appointment of Mandated Lead Arrangers to execute the project debt financing of the Madaouela Project.