Australia's BCI Minerals hits 1-week high on funding progress for Mardie project
24/11/2021 03:16
** Shares of BCI Minerals Ltd BCI.AX rise as much as 2.15%
to A$0.475, their highest since Nov. 16
** The salt and potash developer says Westpac Banking Corp
WBC.AX and Industrial and Commercial Bank of China 1398.HK
appointed lead arrangers for previously announced commercial
debt facilities totalling A$310 mln ($223.9 mln) urn:newsml:reuters.com:*:nASX5sBFBj
** Co says funds will be used to develop the Mardie salt and
potash project alongside other finance commitments urn:newsml:reuters.com:*:nFWN2SE11M
** Stock has risen 55% this year, as of last close
($1 = 1.3848 Australian dollars)
(Reporting by Roushni Nair in Bangalore.)
((Roushni.Nair@thomsonreuters.com))
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