West Wits Mining Executes Definitive Loan Agreements to Fund South Africa Gold Project
MT Newswires Live
Jun 19
West Wits Mining (ASX:WWI) executed definitive loan agreements for its project finance package to fund the Qala Shallows gold project in South Africa, the first stage of its Witwatersrand Basin project, according to a Friday Australian bourse filing.
The package comprises three complementary facilities, provided collectively by Absa Bank and Nedbank. This includes a 875 million South African rand senior loan facility, a 150 million South African rand working capital facility, and a 90 million South African rand cost overrun debt facility.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.