CVN 2.63% 18.5¢ carnarvon energy limited

Ann: Dorado Project & Financing Update, page-2

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    So a Cap Raise has been ruled out.

    Carnarvon has commenced a formal process to fund its share of the Dorado project.
    Azure Capital have been appointed as Carnarvon’s financial adviser and are currently progressing a range of potential sources of capital, which may include:
    • Traditional reserve-based, non-recourse senior debt facilities;
    • Alternative funding options (including junior or subordinated debt, offtake prepayment and
    royalties); and
    • Divestment of a portion of Carnarvon’s share of the Dorado project and associated exploration
    acreage.
 
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