Rox Resources Secures Financial Close on AU$350 Million Debt Package
MT Newswires Live
Oct 05
Rox Resources (ASX:RXL) reached financial close on its AU$350 million debt facilities, with an initial AU$90.2 million drawn under the AU$300 million project debt facility and AU$4 million utilized under the AU$30 million bank guarantee facility, according to a Monday Australian bourse filing.
The proceeds from the initial drawdown will be used to fund ongoing development and construction activities at the Youanmi Gold Mine, including engineering, procurement and construction activities, underground mine development, infrastructure works, owner costs and general project expenditure, the filing added.
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