BASE METALS
ASX-listed Tiger Resources said on Wednesday that it had agreed terms with Taurus Mining Finance Fund for the refinancing of its existing secured debt facilities and for arranging a new facility to fund the potential debottlenecking works at the Kipoi copper project, in the Democratic Republic of Congo (DRC).
The terms agreed envisaged two tranches of funding totalling up to $162.5-million. The first tranche would be fully underwritten for $137.5-million and would be used to term out Tiger’s exiting secured facilities to December 2021.
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