Bushveld Minerals settles outstanding fees, interest with Barak

15th June 2017 By: Megan van Wyngaardt - Creamer Media Contributing Editor Online

JOHANNESBURG (miningweekly.com) – Vanadium producer Bushveld Minerals’ subsidiary Bushveld Vametco Limited (BVL)has paid the outstanding $961 010 in fees and interest due to Barak under an $11-million bridge loan facility.

BVL had entered into the bridge loan with Barak to help fund the acquisition of a 78.8% interest in Strategic Minerals Corporation. It had already repaid the loan.