Brief: Minbos Resources Receives Indicative Term Sheet For $14 Mln Loan Facility

Minbos Resources

17/10/2023 02:23

Oct 17 (Reuters) - Minbos Resources Ltd  MNB.AX :
    * RECEIVED AN INDICATIVE TERM SHEET FOR A US$14 MILLION LOAN
FACILITY
    * LOAN FACILITY FROM INDUSTRIAL DEVELOPMENT CORPORATION OF
SOUTH
AFRICA
    * CONFIDENT CAN BUILD ITS PHOSPHATE FERTILIZER PROJECT AT
SIGNIFICANT DISCOUNT TO BUDGETED CAPEX
    * REMAINS ENGAGED WITH NUMBER OF COMPLEMENTARY FINANCING
OPTIONS
INCLUDING COORDINATION WITH EXISTING STAKEHOLDERS

Source text for Eikon:  ID:nASX87MC2j 
Further company coverage:  MNB.AX 

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