RES resource generation limited
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News: RES Resource Generation Says Unit Entered Non- Binding Equity & Debt Term Sheets For Funding...

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    05/05/20
    20:15
    Post #: 44450320

    May 5 (Reuters) - Resource Generation Ltd (RES) :

    • UNIT ENTERED INTO NON- BINDING EQUITY AND DEBT TERM SHEETS FOR FUNDING OF BOIKARABELO COAL PROJECT RAIL LINK
    • DEBT FACILITY WILL COMPRISE SENIOR LOAN OF UP TO ABOUT US$21.2 MILLION AT CURRENT EXCHANGES RATES
    • LEDJADJA COAL TO SUBSCRIBE TO 49.9% OF SPV, WITH VIEW TO PROVIDE EQUITY FINANCE WHILE INVESTOR WILL SUBSCRIBE TO 50.1%
    • 20 YEAR RAIL TARIFF AGREEMENT TO BE ENTERED BETWEEN BORROWER & LEDJADJA COAL
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