Chinese Minbos Partners from the July/22 raise. About Syndicate...

Chinese Minbos Partners from the July/22 raise.


About Syndicate Partners
• HongKong Jayson Holding Co., Ltd. (HKJYS) (70% of Placement funds) is a Hong
Kong-incorporated holding company substantially held by Mr. Liang Feng, founder and
chairman of Shanghai Jayson New Energy Materials. Jayson mines green energy metals
(cobalt, copper and nickel, etc.) across several continents, producing cathode materials
for lithium batteries.
Mr. Liang is also founder and chairman of Shanghai Putailai New Energy Technology (PTL),
listed on the Shanghai Stock Exchange with a market capitalization of US$18billion, and
the world’s largest anode materials maker for lithium batteries.
• Hoston Investments (Australia) Pty Ltd. (20% of Placement funds) represents a
successful Australian-Chinese entrepreneur with manufacturing businesses focused on
textiles and garments, real estate development, marine technology and services.
• Longmarch Principal Holding Limited (10% of Placement Funds) Long March Capital
has originated, advised and managed several billion dollars investments of Chinese
investors in the resources, infrastructure and energy sectors in Africa, Canada and
Australia.
Non-Binding Debt Term Sheet
Minbos has signed a high-level US$25 million Non-Binding Debt Term Sheet with Long March
Capital for arrangement a of debt facility. Key points of the Non-Binding Term Sheet are as
follows:
• US$25 million in tranches of US$5 million, available for first drawdown on financial close;
• Term – 5 years;
• Interest Rate – competitive market interest rates to be agreed, with potential equity
participation;
• Use of Proceeds – CAPEX for Cabinda Phosphate Project, mining and fertilizer plant;
• Conditions – completion of due diligence by financiers, execution of definitive
agreements, completion of acceptable DFS by Minbos, off-take and supply agreements
to be in place and other customary conditions;
• Debt to backstop Cabinda Phosphate Project, with DFS to be delivered and construction
expected to begin Q3 2022.
-ENDThis announcement is authorised for release by the Board of Minbos Resources Limited