Lundin Oil (LOILY, LOILB Sweden) Message Board

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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden)

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To: Timelord who wrote (393)	12/5/1997 11:18:00 PM
From: Tomas	Read Replies (1) of 2742

Sands is in advanced negotiations with two financial institutions for corporate debt financing in the amount of US$300 million, conditional upon completion of the merger with IPC. The corporate debt financing together with existing working capital and cash flows is anticipated to be sufficient to fund all of Lundin Oil's capital requirements relating to all development of the Malaysian properties, and all exploration funding requirements relating to its other properties. Alex: Another fill for 3,75? Already a 20% gain! And there's more to come...

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