Cape Lambert inks binding funding documents
PERTH (miningweekly.com) – ASX-listed Cape Lambert has executed binding documentation for a A$15-million finance facility agreed to in May this year with Winance Investment.
The finance facility is by way of the issue of convertible securities in the company, with an initial A$1.2-million available for immediate draw-down. Further draw-downs of A$500 000 each are available on the full conversion of the notes from the previous draw-down.
Cape Lambert previously said that the funds advanced under the Winance facility would be used for mining exploration purposes and for general working capital.
Cape Lambert has interests in several exploration and mining companies in commodities across iron-ore, copper, gold, uranium, manganese, lithium and lead/silver/zinc.
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