POS 12.5% 0.5¢ poseidon nickel limited

poseidon secures funding

  1. 6,913 Posts.
    Time for new thread............

    http://www.businessspectator.com.au/news/2013/4/30/resources-and-energy/forrest-leads-poseidon-us-debt-markets


    Poseidon Nickel has tapped Credit Suisse to help secure US funding for the revival of its historic Windarra project, The Australian reports.

    "The newspaper said Poseidon, which counts Andrew Forrest as chairman and a major sharholder, is expected to announce that it has mandated the investment bank to help find the $197 million it needs in US debt markets.

    The West Australian government requires Poseidon to lock in funding and offtake agreements by June 30.

    Poseidon managing director David Singleton expects Mr Forrest to be strongly involved in the debt-raising efforts, following his past US success with Fortescue Metals Group, according to The Australian."
 
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