Robex Resources Inc. has entered into a US$130 million financing agreement with Sprott Resource Lending to support the Kiniero Gold Project in Guinea. This funding is crucial for the project’s development and anticipates a future listing on the Australian Securities Exchange. The agreement includes favorable terms, such as no mandatory gold hedging and bonus shares for the lender.
Robex Resources Inc. has officially announced the signing of a US$130 million syndicated facility agreement with Sprott Resource Lending. This significant financial arrangement aims to facilitate the construction of the Kiniero Gold Project located in Guinea, ensuring that Robex has the necessary capital to proceed with its development. Furthermore, the company intends to list its shares on the Australian Securities Exchange, enhancing its visibility and investor access in the market.
In summary, Robex Resources has taken a major step forward by securing $130 million in funding for its Kiniero Gold Project through a definitive agreement with Sprott Resource Lending. This funding will enable the advancement of the project and a prospective listing on the Australian Securities Exchange, indicating a solid strategic direction for the company. With favorable loan terms and a focus on growth in Guinea, Robex continues to position itself as a key player in the gold mining sector.
Original Source: www.tipranks.com
