PNX pnx metals limited
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News: PNX Pnx Metals Says Signed Term Sheet For Proposed Financial Commitment By Halifax Capital

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    15/07/20
    09:55
    Post #: 45872823

    July 15 (Reuters) - PNX Metals Ltd (PNX) :

    • SIGNED TERM SHEET FOR PROPOSED FINANCIAL COMMITMENT BY HALIFAX CAPITAL & JOINT VENTURE WITH ITS UNIT
    • HC TO FUND UP TO A$40M TO COVER ANTICIPATED CAPITAL REQUIRED FOR DEVELOPMENT OF GOLD PROCESSING INFRASTRUCTURE AMONG OTHERS
    • $40M JV PROPOSAL FOR DEVELOPMENT OF GOLD PROCESSING INFRASTRUCTURE AT PNX'S FOUNTAIN HEAD PROJECT
    • COMMERCIAL GOLD PRODUCTION AT PROJECT TARGETED FOR 2021
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