Pilbara Minerals is on solid footing and rapidly moving forward...

Pilbara Minerals is on solid footing and rapidly moving forward
AGO can only benefit from this with the JV - shows global investment is strong & supported in Pilbara's Lithium.
Galaxy also moving forward with 1st shipment of Lithium on 10th June...
Todays ASX ann".... Galaxy is bullish about the global lithium demand outlook and is aiming to become a major producer of lithium products....."

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Pareto Securities is headquartered in Oslo, Norway.
Nordic backing for Pilbara Minerals

Mark Beyer
Tuesday, 13 June, 2017 - 13:06
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Norway-based investment bank Pareto Securities has completed its first major Australian deal, as sole manager of a $US100 million ($A133 million) bond issue announced today by Pilbara Minerals.
The Pilbara deal comes three years after Pareto set up shop in Perth, and was the first Nordic bond issue led out of the local office.
BurnVoir Corporate Finance also had a role in the bond issue as Pilbara’s long-standing financial adviser.
The proceeds will underpin development of the Pilgangoora lithium-tantalum project, which Pilbara said was now poised to move into full-scale development.
The Pilbara deal used Norwegian law as the governing law for the bond terms, making it a Nordic bond, and was understood to have attracted support from investors in Australia, Asia, Europe and the US.
Pareto is a full-service investment bank headquartered in Oslo, and has the largest fixed-income team in the Nordic region dedicated to high-yield bonds.
The Pilbara bonds carry a relatively high interest rate of 12 per cent, reflecting Pilbara’s status as a single-project company and the limited investor knowledge of lithium.
The five-year bonds are to be secured against all project assets, share pledges and a guarantee from Pilbara Minerals.
Managing director Ken Brinsden said he was very pleased with the response from debt investors in the book-build process for this bond Issue.

“This represents a strong endorsement of the Pilgangoora project’s outstanding economics and credentials as one of the largest and most important new hard rock lithium and tantalum projects in the world, and the rapid progress which Pilbara Minerals has made to advance this globally significant lithium project towards development,” Mr Brinsden said in a statement.
The Pilbara bond issue adds to seven large debt financing deals by Perth-based mining companies over the past 12 months, according to a presentation last week by advisory firm PCF Capital Group at the Amec conference.
PCF director Liam Twigger told the conference financing and credit has been tight, however the lack of deals and funding opportunities had resulted in bank lending becoming increasingly competitive.
A prime example was Dacian Gold, which last December secured $150 million of bank funding for its Mt Morgans gold project, with Westpac, ANZ Bank and BNP Paribas participating.
The interest rate on the Dacian facility was not disclosed, but was likely to have been about half that paid by Pilbara.
Bank funding was not considered a feasible option for Pilbara, as its Pilgangoora project relies on Chinese offtake partners for its revenue.
Other recent deals include Talisman Mining mandating Taurus Mining Finance Fund to provide $23 million of debt finance to fund its share of the Monty copper project.
The terms were not disclosed.
Wolf Minerals, which has encountered a series of problems at its Hemerdon tungsten mine in England, turned to major shareholder Resource Capital Funds last October to provide £30 million of bridging finance.
At maturity, the 12-month bridging finance will switch to either a subordinated loan paying interest of 15 per cent per annum or a convertible loan paying interest of 10 per cent per annum.


https://www.businessnews.com.au/art...il&utm_term=0_e5391356e5-f3c6f294d5-289653245