MAFL Big news for Ascendante6 Feb 2019 12:51
Great news for are stake in Ascendante Resources OPIC $35 million loan facilty.
ND) (OTCQX: ASDRF; ) ("Ascendant" or the "Company”) is pleased to announce that it has received a non-binding term sheet from Overseas Private Investment Corporation (“OPIC”), for a project loan of US$35 million to American Pacific Honduras S.A. de C.V., the Company’s operating subsidiary in Honduras, to finance the expansion of the El Mochito mine in Honduras as detailed in the Company’s Technical Report “Preliminary Economic Assessment for the Expansion” of the El Mochito Mine, dated December 6, 2018.
“We are very pleased to have received a non-binding term sheet from OPIC for the financing of the expansion program at El Mochito. OPIC has a history of financing large and important international infrastructure projects that make a significant contribution to the local communities in which they provide funding. We look forward to the opportunity to work together to expand the operations at El Mochito for the benefit of our employees, the local community, our stakeholders and our shareholders”, stated Chris Buncic, President and CEO.