Dino's Bar & Grill Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Goose94 who wrote (6836)	6/26/2014 8:58:46 AM
From: Goose94	Read Replies (5) of 202374

ROG-V breaks into new 52 week high (june 24th), 83 cents. June 26, '14 - NR Following a competitive selection process, Roxgold Inc. has executed a project finance mandate with Societe Generale Corporate & Investment Banking and Credit Suisse AG, which will further the development of the company's Yaramoko gold project in Burkina Faso. The mandate sets forth a $75-million (U.S.) senior project debt facility with a targeted financial close in the fourth quarter of 2014. "We are very pleased to announce this latest milestone in the development of the Yaramoko gold project," commented John Dorward, president and chief executive officer. "The proposed Facility is expected to provide all of the debt required to finance Yaramoko and represents a significant step forward in the development of the project. The support demonstrated by Societe Generale and Credit Suisse follows an initial due diligence process, and we are delighted to work in partnership with them on this aspect of our financing." The Company retained Cutfield Freeman & Company as its independent financial advisor to assist with securing project financing in late 2013 and commenced its formal debt financing process in April 2014. A number of leading project finance banks and alternative financiers provided competitive proposals as part of this process. Closure of the Facility is subject to customary internal approvals and completion of due diligence. The Facility is expected to encompass a hedging component of approximately 8.5% of Yaramoko's current reserves. Societe Generale has a long track record in arranging project finance in the resource sector with over 20 years of demonstrated experience. Through their involvement with project finance transactions for existing projects in West Africa and in Burkina Faso, where the Group owns a local bank, Societe Generale is uniquely equipped to support Yaramoko's financing requirements. Credit Suisse has extensive experience arranging and underwriting mining project finance transactions, having financed the construction of a number of projects both in Africa and globally. Credit Suisse has a dedicated loan financing team for African borrowers and has successfully funded several large loan facilities across Africa.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next