Robex Resources has secured a US$130 million financing agreement with Sprott Resource Lending for the construction of the Kiniero Gold Project in Guinea. The favorable terms of this agreement will facilitate the company’s plan to list its shares on the Australian Securities Exchange, reflecting its growth ambitions in the gold mining sector.
Robex Resources Inc. has announced a significant financial development for its Kiniero Gold Project in Guinea. The company has entered into a syndication facility agreement worth US$130 million with Sprott Resource Lending. This funding will support the construction of the gold project, which is a strategic move as Robex aims to enhance its presence by listing shares on the Australian Securities Exchange.
In summary, Robex Resources’ successful agreement to secure funding highlights its commitment to advancing the Kiniero Gold Project. With conditions favoring the company, including no mandatory gold hedging and the potential issuance of bonus shares, this financing paves the way for future growth and operations in Guinea.
Original Source: www.tipranks.com
