Post by
Trallalainvest on Nov 07, 2016 3:37pm
$$$$$$NewCO$$$$NewSP$$$$$$$
(i) to effect the Company’s transition to an owner-operator mining model through the Acquisition and the termination of the Mining Services Contract;
(ii) to pay historic MonuRent (Liberia) Limited (“MonuRent”) invoices previously assigned to ASLI; (iii) to make principal and interest repayments due to Nedbank Limited and FirstRand Bank Limited;
(iv) to fund improvements to the processing plant and tailings storage facility; 10
(v) for regional exploration of existing licenses; and (vi) for general working capital requirements.