Funds to finalise construction of Hemerdon Tungsten-Tin Project
Specialty metals development company, Wolf Minerals Limited (ASX:WLF, AIM:WLFE) (“Wolf” or “the Company”) is pleased to announce that it will shortly commence the draw-down of the £75 million senior debt finance facilities at the Company’s world class Hemerdon tungsten and tin project (“the Project”) in Devon, in southwest England.
The senior debt finance facilities, in conjunction with the $182.7 million equity capital raise completed in May, provide the requisite funding to see the Project through construction, to positive cash flow.
For further information please download PDF attached:
