NAM namoi cotton limited
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News: NAM Namoi Cotton Entered Or Intends To Enter Into Agreements With KCC Kimberley Cotton Co

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    08/10/21
    12:05
    Post #: 56657981

    Oct 8 (Reuters) - Namoi Cotton Ltd (NAM) :

    • ENTERED OR INTENDS TO ENTER INTO AGREEMENTS WITH KCC KIMBERLEY COTTON CO
    • AGREEMENTS FOR INVESTMENT, CONSTRUCTION AND OPERATION OF A NEW GIN TO SERVICE ORD RIVER IRRIGATION AREA
    • KCC PLANS TO CONSTRUCT A$40 MILLION COTTON GIN AT KUNUNURRA, WA TO PROCESS COTTON FROM UP TO 15,000 HECTARES
    • GIN WILL BE FUNDED BY EQUITY FROM LOCAL GROWERS
    • GIN WILL BE FUNDED BY A$32 MILLION LONG TERM DEBT FACILITY
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