This is why I will hold my shares tight....
has de-risked the project further
• Formal mandate letters were signed by our lender group representing loans
in excess of the target amount of 60 – 65% of the financing required for the
construction costs of Allana’s potash solution mine in the Danakhil
• BNP Paribas is the project advisor and debt arranger
• The lender group consists of large Development Finance Institutions (DFI)
and Export Credit Agencies (ECA’s) from North America, Europe and Africa
• The lender group has begun the formal loan assessment preperations and a
due diligence review of the project