Volt secures debt facility for Ukraine graphite plans
Graphite and gold explorer Volt Resources has received the backing of European investment company JES Green Investments to fund its graphite acquisition in Ukraine.
The ASX-listed company reported on Thursday that it had executed a term sheet with JES for a 8.5-million debt facility to assist with its acquisition of a 70% interest in the Zavalievsky (ZG) group of companies.
Volt chairperson Asimwe Kabunga has offered his Volt shareholding as security for the loan.
The acquisition of a controlling interest in ZG will transform Volt into one of the few Australia-listed graphite producers.
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