Brief: Alphamin Receives Approval For Drawdown Of $25 Mln Under Credit Facility

Alphamin Resources

04/10/2018 13:33

Oct 4 (Reuters) - Alphamin Resources Corp  AFM.V :
    * JSE: APH - ALPHAMIN RECEIVES APPROVAL FOR DRAWDOWN OF
US$25
MILLION UNDER CREDIT FACILITY
    * ALPHAMIN RESOURCES - SATISFIED CONDITIONS REQUIRED TO DRAW
ADDITIONAL US$25 MILLION UNDER PREVIOUSLY ANNOUNCED CREDIT
FACILITY OF UP TO US$80 MILLION
    * ALPHAMIN RESOURCES CORP - DRAWDOWN WILL TAKE TOTAL AMOUNT
DRAWN
UNDER CREDIT FACILITY TO US$60 MILLION
    * ALPHAMIN RESOURCES CORP - FUNDS WILL BE APPLIED TOWARDS
DEVELOPMENT OF COMPANY'S BISIE TIN PROJECT IN DEMOCRATIC
REPUBLIC OF CONGO
    * ALPHAMIN RESOURCES CORP - REMAINING US$20 MILLION IS
EXPECTED TO
BE DRAWN IN DECEMBER 2018

Source text for Eikon:  ID:nJseD0032a 
Further company coverage:  AFM.V 

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