PROJECT FINANCE

Cape Lambert gets more backing

CAPE Lambert Resources has secured a non-binding terms sheet for a A$15 million finance facility with a private investor, with $1 million immediately available and the rest to follow from  issue of convertible securities in $500,000 batches, with the value to be based on the 60-day average trading data.

Cape Lambert gets more backing

Cape Lambert chairman Tony Sage said the additional funding provided the junior financial flexibility and allowed it to continue to negotiate with potential strategic or offtake partners.   New York...

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