RSL's new funding partnership with CITIC is fantastic news for RSL moving forward.
Time to Buy again!!!
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The Board of Resource Star Limited (ASX: RSL) (the Company) is pleased to advise the market and shareholders that is has entered into a term sheet with global investment firm, Global Emerging Markets (GEM) for a $1.3 million convertible note facility which will be placed with the CITIC-GEM Fund.
CITIC, otherwise known as the China International Trust and Investment Company, is China’s largest native multinational company with over $125 billion of total assets, 44 subsidiaries and true global reach and influence. The partnership between CITIC and GEM was set up to launch and co-manage a $1 billion natural resources fund across Asia and Africa.
happy days - new citic partnership
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