Heron to raise $91 million for Woodlawn project October 4, 2019
The funding package comprises of three parts, the first being $US35 million ($52 million) of convertible notes to be issuedto Greenstone, Orion and funds managed by Castlelake.
IMAGE RESOURCES ENTERS INTO AU$50 MILLION SENIOR SECURED DEBT FACILITY
Image Resources NL (ASX: IMA) (“Image” or “the Company”) is pleased to announce that the Company has entered into a Loan Note Subscription Agreement (“LNSA”)with Pala Investments Limited (“Pala”) and Castlelake IV, L.P. and CL V Investment Solutions LLC which are entities controlled by Castlelake L.P. (collectively, “Castlelake”)as the Loan Note Holders, to raise AU$50M1 from the issue of senior secured loan notes.
MVL Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
