So the 30m looks like a given and if that's a given so is building the mine if they list on
Dar es Salaam Stock Exchange (DSE) in Tanzania... hopefully good times ahead for vrc...
http://www.*.com.au/companies/news/...pital-to-raise-up-to-us30-million-186224.html
Timeline for funding
Upon completion of the proposed raising, Volt will have the bonds listed on the Dar es Salaam Stock Exchange (DSE) in Tanzania.
The estimated timeframe to complete a DSE listing is 8-12 weeks.
Asimwe Kabunga, chairman for Volt, commented:
"Volt is pleased to be partnering with the team at Exotix over the coming months as we pursue an in-country bond issue in Tanzania to fund the initial Stage 1 development of our Bunyu graphite project.
"Exotix brings to the table an extensive network of East African investors and a comprehensive strategy to access these local parties who have a strong appetite for large-scale resource projects such as Bunyu.
"We look forward to continuing to provide shareholders with further funding and operational updates in due course."
Exotix’s CEO, Duncan Wales, added:
"We are happy to be working on such an important project with Volt to support Tanzania’s growth as a major producer and exporter of natural graphite amid increasing demand for the mineral."
