EGR 2.41% 8.1¢ ecograf limited

EGR NEXT QTR, page-72

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    Yes Pepper, It might be hard for you to understand, the revised funding path was announced in January and it was presented to the GoT for its approval in March,


    Epanko Financing
    On 20 March the Company submitted a US$60 million financing proposal to the Government of Tanzania for the construction of the new Epanko Graphite Mine. The proposal was developed in conjunction with KfW IPEX-Bank with the aim of simplifying and fast-tracking the entire debt financing process in Tanzania (refer ASX Announcement Government Breakthrough Paves Way for Epanko Financing and Development 28 January 2020).
 
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