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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Rusina Mining | LSE:RMLA | London | Ordinary Share | AU000000RML9 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4.875 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMRMLA RNS Number : 0269M Rusina Mining NL 17 May 2010 Monday 17th May, 2010 Rusina Mining NL ("Rusina" or the "Company") European Nickel Release re Financing Update Please find below a release from Rusina's proposed merger partner, European Nickel PLC (AIM, PLUS: ENK), providing an update on the financing status for the Çaldag project in Turkey. For further information, please contact: Mark Hanlon Rusina Mining Tel: +61 8 9226 1111 Roland Cornish Beaumont Cornish Tel: +44 (0) 207 628 3396 "Western Banks to Lead Çaldag Project Financing 17 May 2010 - London: European Nickel PLC ("European Nickel" or the "Company") (AIM, PLUS: ENK) is pleased to announce that it has selected Western Bank project financing as its preferred funding route for its Çaldagnickel laterite project in Turkey. In conjunction with Endeavour Financial Corporation, the Company's debt advisers, European Nickel has negotiated an indicative term sheet with Initial Mandated Lead Arrangers for the Çaldag project financing and will make a further announcement once a mandate letter has been signed. Following the completion of the mandate letter and agreement of the term sheet, further banks will be invited to join the bank club. There remains an opportunity for the Chinese bank to participate in the funding of Çaldag as part of the financing group. The offtake agreement with Jiangxi Rare Earth and Rare Metals Tungsten Group Company Limited ("JXTC") has expired today and European Nickel is now negotiating a new offtake agreement with a number of interested parties, including JXTC. The Çaldag mixed hydroxide product (averaging 30% nickel) is a high quality intermediate product suitable for a number of refineries and smelters around the world. Simon Purkiss, Managing Director, said "Whilst we worked hard to deliver the Chinese project finance, we could not go on indefinitely without a clear sign of commitment from the Chinese parties before our extension deadline. We believe the Western Banks have demonstrated their level of interest in the project by negotiating an indicative term sheet and feel it is now appropriate to pursue Western Bank project financing. The next step will be to sign a mandate letter." For more information, please visit www.enickel.co.uk or contact: Simon Purkiss or Andrew Lindsay, European Nickel Tel: 020 7290 3130 Ryan Gaffney or Tarica Mpinga, Canaccord Genuity Tel: 020 7050 6500 Alex Buck, BuckBias Tel: 07932 740 452" This information is provided by RNS The company news service from the London Stock Exchange END MSCEANSXFEXEEEF
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