half the capex and No dilution to SH, no repayments for 12 months
some highlights
"The Company is now working towards finalising the acquisition of the rolling stock and upon completion will bolster Minim Martap’s logistical framework and most importantly, underscores Canyon’s commitment in rapidly developing the Project towards production status"
"Mr Jean-Sebastien Boutet, Canyon Chief Executive Officer commented: “The securing of funding for the purchase of locomotives and wagons marks a significant milestone for Canyon and a major step forward in the development and de-risking of the Minim Martap Project towards production."
"very exciting and monumental step forward for the Company and Minim Martap. I would like to thank our major shareholder EEA for their ongoing support of Canyon and Minim Martap"
Great announcement Canyon LFG
CAY Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)