___> would hope that all shareholders would be able to participate in a SPP ! <___Lets hope for a final sign off in Nov 2020 with Construction commencing 2021.
Market Herald. 22-10-2020Shares in Resource Generation (RES) have been placed in a trading halt pending an upcoming capital raise The company will remain in the halt until October 26 or when an announcement is made, whichever occurs firstResource Generation has revealed it is aiming to secure additional working capital to reach financial close for the development of the Boikarabelo Mine in South Africa In December 2019, the company and its subsidiary had entered two non-binding term sheets in regards for funding the mine Before the transaction is completed a number of conditions must be met such as the completion of a rail link funding agreement and the completion of a working capital facilitySeveral conditions have already been met, however, Resource Generation is still finalising a working capital facility and logistics contractsShares in Resource Generation last traded for 6.4 cents on October 21
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