| Abstract: |
TSX-listed coal-miner Homeland Energy has concluded a loan arrangement with its largest shareholder, GMR Energy, to advance it nearly C$5-million for its Kendal project, in South Africa’s Mpumalanga province.
The C$4,9-million loan, which is to be repaid by March 31, would be secured by a pledge of certain noncore assets, as well as a secondary position with respect to certain assets related to the Kendal colliery that were already subject to a first priority pledge to Nedbank, Homeland said in a statement. |