Tiger Resources $22m financing
You have no credits left. To view this article subscribe to Business News.
You have used {{points}} and have {{current_points}} remaining. Your credits will reset on {{reset_date}}.
This article is part of a special report and is available to paid Business News subscribers only.
You can purchase access to this special report or subscribe to Business News.
You can purchase access to this special report or subscribe to Business News.
This article is premium content and is available to paid Business News subscribers only.
Subscribe to Business News.
Subscribe to Business News.
Wednesday, 2 June, 2010 - 12:40
Tiger Resources has reached an agreement with Ambrian Partners to raise almost $22 million through the private placement of shares.
Tiger Resources will issue 121.4 million shares to Ambrian Partners at $0.18 per share.
In a statement, the company said the agreement secured the funding required, together with the US$15 million debt facility from Trafigura Beheer B.V., to bring the US$30 million stage 1 copper mining operation at Kipoi into production.
Tiger Resources said the financing keeps the company's objective of being a copper producer by the end of this year on track.
Companies: