ASX Release Stock Code: CDB Highlights ? Condor has secured €10 million in funding to progress iron ore mining at its Marianas Magnetite Tailings Project in Chile and its South African Hard Coking Coal Projects. ? Phase 1 of the funding is now completed with financial instruments to the value of €10,618,200 received by Condor. These A2 rated bonds will enhance the security provided by the cash flows from Marianas. This instrument backed borrowing approach will reduce interest costs. ? Phase 2 is now in progress and will see funding completed via a European bank with an existing
why would they get the 15million for???
CDB Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
