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Tietto deep-sixes Taurus debt for $130M equity injection

FOUR months after plucking Taurus Mining Finance from the ruck to provide the debt component of its US$200 million, 3.35 million ounce Abujar gold project, Tietto Minerals has abruptly reversed course and decided to ditch the debt in favour of an up-front equity injection.

Haydn Black
Tietto deep-sixes Taurus debt for $130M equity injection

Since November, Tietto has been claiming to be fully-funded with an A$85 million placement at 39c, backed by Zhaojin Mining, one of China's largest gold mining companies, and up to US$140 million in loans...

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