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Prospect Resources, Afreximbank mandated to arrange debt facility


African lithium company, Prospect Resources Ltd (ASX:PSC, FRA:5E8) (“Prospect Resources” or the “Company”) is pleased to announce that African Export-Import Bank (“Afreximbank”) has been appointed to arrange and manage the primary syndication of a US$143m project finance debt facility. Afreximbank is proposing to fund and hold US$75m of the facility. The parties have also agreed a non-binding indicative debt facility term sheet.

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