RE:RE:LongsFrom this article that is over 2 years old, I took this to heart with the announcement of Diana walters of Liberty stepping down....If you hold so much stock, and are going to take on more of a stake, why would you leave the board....and then of course no explanation as to why from our team....
He said “almost all” of the debt funding would come from nontraditional sources, naming the International Finance Corp (IFC), the African Development Bank and export-import banks out of the US, Canada and Europe.
The remaining $300-million would come from equity, with Abasov detailing on a conference call, to discuss the results of Danakhil’s preliminary economic assessment (PEA), that this would be split into three equal parts.
The first would be to sell more stock to its two existing strategic shareholders – the IFC and Liberty
Metals and Mining. Liberty owns around 17% of the company.
TSX-listed Allana is hoping to secure another one-third of the equity component from an offtake agreement with a customer, and the final around $100-million would come from a market offering or bringing on a new set of strategic partners, Abasov said.
Read more at https://www.stockhouse.com/companies/bullboard/t.aaa/allana-potash-corp?postid=21995754#MO7VYOmziR47iDhb.99