CAPITAL MARKETS

Ashanti secures extension for Geita financing and sale

ASHANTI Goldfields has secured an extension of its US$100 million bridge facility and the date for completion of the sale of a 50% interest in its Geita gold mine in Tanzania to AngloGold until October 31.

Greg Tubby

Ashanti said the extension would give it time to finalise revisions to its financing arrangements in connection with the Geita transaction, which have taken longer to negotiate than expected due to inter-creditor...

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