CAPITAL MARKETS

Tiger gets more debt

BATTLING copper producer Tiger Resources has got another US$18.5 million from lenders for its Kipoi project in Democratic Republic of Congo, and has indicated an equity fund raising of at least $45 million will be undertaken by mid-2018.

Michael Quinn
Tiger gets more debt

The lenders are “entities associated with Taurus Funds Management and International Finance Corp” - with the latter a 9.8% shareholder – with the funding having a coupon of 13%. The funding will go toward...

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