News: RES Resource Generation Updates On Funding Status Of Boikarabelo Coal Mine

Nov 12 (Reuters) - Resource Generation Ltd (RES) :

• RESOURCE GENERATION - PROVIDES AN UPDATE ON FUNDING STATUS OF ITS BOIKARABELO COAL MINE IN WATERBERG, SOUTH AFRICA
• RESOURCE GENERATION - LENDER REMAINS COMMITTED TO BOIKARABELO PROJECT FROM TECHNICAL, COMMERCIAL, STRATEGIC PERSPECTIVE
• RESOURCE GENERATION, ON BOIKARABELO COAL MINE, SAYS A SHORT DELAY HAS ARISEN IN SCHEDULING CREDIT COMMITTEE MEETING
• RESGEN- CURRENTLY SEEKING A CLEAR ACKNOWLEDGEMENT OF LENDERS' TIMELINE TO ACHIEVE CREDIT COMMITTEE, SUBSEQUENT BOARD APPROVAL FOR BOIKARABELO PROJECT
• RESOURCE GENERATION - TO ACCELERATE TALKS WITH FACILITATOR OF ALTERNATIVE FUNDING WITH 3RD PARTY OR PARTIES AS A SUBSTITUTE IN CURRENT SYNDICATE