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Middlemas' Berkeley slapped with US$65M demand

BERKELEY Energia's 2017 deal with the Oman Investment Authority to help fund its Salamanca uranium project in Spain appears to have soured, with the sovereign wealth fund demanding the ASX-listed concern repay it immediately.

Haydn Black
OIA has become frustrated by Salamanca's lack of progress

OIA has become frustrated by Salamanca's lack of progress

The August 2017 deal with OIA offered an unsecured, interest-free $65 million loan that OIA could convert into ordinary shares at 50p, then about 28% of Berkeley, plus three tranches of options convertible...

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