RE: Equity issue ahoy?16 Apr 2019 10:59
There was a loan of 9.5 million to partially finance the ball mill , which has been drawn down , but an additional overdraft facility of 9.5 million " To mitigate against any unforeseen circumstances while remediation work is completed the Company expects to secure a CFA5.5bn (circa. US$9.5m) overdraft facility with Coris in the next week. The overdraft facility will provide additional working capital flexibility if required. In the event this overdraft facility is not secured, the Company will provide a further update"(29/11/2018)