Trying to do some costings before I make any decision col75. What will the total interest payments be per/year, any idea?
Lance Project Funding
Pre-Licence Construction Funding
• $22m in senior secured notes from BlackRock for pre-licence construction
• First drawdown occurred in October 2013
• Notes have a coupon of 11%Debt
• Approx. $50-60m in senior debt planned
•Discussions on senior secured debt facility underway with shortlisted banks:
–Behre Dolbear (USA) has completed technical Due Diligence for banks
• On debt closure and final permitting, planned rights issue for $20-30m to existing shareholders
Trying to do some costings before I make any decision col75....
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