Well, some positive news from Volt today! Jolly good timing as...

Well, some positive news from Volt today! Jolly good timing as it may allay the sell off fears! Hopefully the slide in the sp will be halted!

Nothing to get too excited about, same old, same old, pursuit of funding sources. But could they be getting closer to securing the funding?

A bit strange that Mr Hunt and Mr Kabunga have provided $50,000 each in funding until 15th July? Is VRC's cash level that low? Is funding going to be achieved by that date? More info up for speculation and discussion! Interested to see what others think?



"Approval for Tanzanian Note Issue continues to be progressed – meetings currently being held anddiscussions with senior government officials to complete this process▪ Notable progress made regarding Mauritian Bond Issue approval process – Volt targeting listing onStock Exchange of Mauritius to provide additional funding flexibility▪ Discussions continue with North American and Asian institutions who have expressed stronginterest in providing funding for the Bunyu Stage 1 development."

"In the interim, the Company has secured $100,000 in short termworking capital funding from two Directors ($50,000 from each of Mr Kabunga and Mr Hunt) on anunsecured, arm’s length commercial term basis repayable on or before 15 July 2019. "

"Volt’s CEO Trevor Matthews commented:"
“The opportunity to progress listings in both Tanzania andMauritius will provide Volt with important funding flexibility and access to a much larger pool of investorsto raise the US$40 million needed to complete the Stage 1 development program at Bunyu. Although our Tanzanian listing process has taken longer than originally forecast, it should be rememberedthat Volt is the first mining company to pursue a DSE debt listing and we are now nearing the final stagesof the approval process which is very encouraging.The level of interest received recently from investors in Tanzania and Mauritius, along with NorthAmerican and Asian institutions, is a testament to the world-class quality of the Bunyu Project and we lookforward to finalising this funding process so we can turn our attention to the start-up of development worksas quickly as possible.” "