GREY:NMKEF - Post by User
Comment by
Haiabusaon Jul 02, 2018 2:55am
239 Views
Post# 28258289
RE:RE:They haven't satisfied conditions of financing yet.
RE:RE:They haven't satisfied conditions of financing yet.There's a few of them... From the BMO Report dated June 21, 2018:
Conditional, senior callable bonds ~C$455M (US$350M). The funds become available if several conditions are met by August 2018, including NMX raising at least US$300M from equity offering (already met), receiving 50% of the US$150M streaming facility, and securing offtakes.
Contingent on...
In April, Nemaska signed a streaming agreement with mining financier Orion for ~C$195M (US$150M). We understand Nemaska expects to receive the first US$75M of the stream imminently (conditions were project financing completion and some other unnamed provisions).