The private placement follows Jiangxi’s previous funding of $390,000. The Hong Kong group has also committed to seek up to $1.5 million in debt funding from Asia-Pacific institutional investors to fund capital expenditure on the project.
they have been trying to get this funding for a year now.
http://www.proactiveinvestors.com.au/companies/news/45698/condor-blanco-mines-receives-further-funding-from-jiangxi-resources-45698.html
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