Would be nice............ :)X2's Davis to begin 'investment...

Would be nice............ :)

X2's Davis to begin 'investment process'
| Mon, 31 Mar 2014 08:10




[miningmx.com] – MICK Davis, founder of X2 Resources, said the company would begin the "investment process" after securing $3.75bn in funding of which $2.5bn was available for immediate draw-down.
“We have attracted a very prestigious core group of large scale, high quality investors who share our vision of building a new mining group with the potential to generate attractive returns through the cycle," said Davis in an announcement.
"We believe the timing for this venture remains very opportune and we will now focus increased attention on starting the investment process,” he said.
Some was in $2.50 billion of committed equity capital funding and up to a further $1.25 billion was conditional equity capital funding, the company said.
The lenders were a group of five investors - referred to as The Club Investors - and comprise Noble Group, TPG Capital, sovereign wealth and pension fund investors, said Davis who added that additional funds could be raised.
"X2 Resources is in discussions with a further select group of potential investors who are also seeking to benefit from opportunities in the natural resources arena," he said.
Goldman Sachs International is acting as placement agent to X2 Resources in connection with the fundraising, said X2 Resources.