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Shanta inks $40m loan facility

By:  
Creamer Media Senior Deputy Editor
 
CORPORATE ACTIVITY
LSE-listed Shanta Gold has secured a $40-million loan facility from the corporate and investment banking division of Investec Bank. The group, through its operating subsidiary Shanta Mining, would use one-half of the funds to refinance an existing bank loan from UK-based FBN Bank, with the remaining $20-million set aside as a standby facility to be used as and when required.
 
 
 
 
 

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