Robex Resources has secured a $130 million financing agreement to support the Kiniero Gold Project in Guinea. This deal with Sprott Resource Lending includes beneficial terms and aims to facilitate the company’s share listing on the ASX.
Robex Resources Inc. has announced a significant step forward for its Kiniero Gold Project in Guinea by securing a $130 million syndicated facility agreement with Sprott Resource Lending. This funding is vital for the construction of the project and supports Robex’s objective to list its shares on the Australian Securities Exchange. The terms of the facility are advantageous, as they do not include mandatory gold hedging or royalties, alongside the provision of bonus shares to the lender as extra compensation.
The successful acquisition of $130 million financing represents an important milestone for Robex Resources as it works to advance the Kiniero Gold Project. With favorable loan terms and the intent to enter the Australian market, Robex is positioning itself well for future growth.
Original Source: www.tipranks.com
