Orbis Gold Limited (“Orbis Gold” or the “Company”) advises that it has appointed Cutfield Freeman & Co Limited (CF&Co) as an independent debt advisor.
The appointment of CF&Co follows approaches from several financial institutions with indicative funding proposals, including the possibility of funding completion of the Definitive Feasibility Study (DFS) with debt, and procuring significant funds and financial support for the development of the Natougou Gold Project.
Given the Natougou Project DFS is now more than 50% complete, with exceptionally strong economics and short payback period as outlined in the recently announced Updated Scoping Study (14 October 2014), the Company considers it prudent to make the appointment now to ensure a disciplined approach is taken in reviewing its funding options and ensuring an optimal solution is pursued when a development decision is made in 2015.
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