Brief: Minbos Resources Receives Indicative Term Sheet For $14 Mln Loan Facility
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
((Reuters.Briefs@thomsonreuters.com;))
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