Resource Generation Limited - Boikarabelo Coal Mine Project Debt Finance UpdateRelease Date: 21/12/2012 07:05:00 Code(s): RSG
Resource Generation Limited
Registered in Australia under the Corporations Act, 2001 (Cth) with registration number ACN: 059 950 337
Share Code on the ASX: RES
Share Code on the JSE: RSG
("Resgen" or the ?Company?)
Boikarabelo Coal Mine
Project Debt Finance Update
Resource Generation has moved a step closer to financing its Boikarabelo coal mine. The
Company has been working with six South African and global banks and other financiers
(the ?Financiers?) mandated to provide project debt finance for the construction of the
mine and has now agreed a terms sheet with the Financiers.
The Financiers are working towards initiating their credit processes in January 2013. The
Company will continue to work with the Financiers to obtain a binding offer of finance as
soon as possible in the New Year.
21 December 2012
Macquarie First South Capital (Proprietary) Limited
Paul Jury, Managing Director on (02) 9376 9000 or
Steve Matthews, Company Secretary on (02) 9376 9000
Anthony Tregoning (02) 8264 1000
Resource Generation is developing the Boikarabelo coal mine in the Waterberg
region of South Africa where there are probable reserves of 744.8 million tonnes of
coal on 35% of the tenements under its control. Stage 1 of the mine development
targets saleable coal production of 6 million tonnes per annum.
Date: 21/12/2012 07:05:00 Supplied by www.sharenet.co.za
Produced by the JSE SENS Department . The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
|Email this JSE Sens Item to a Friend.|
| ©2016 Momentum SP Reid Securities (Pty) Ltd. All rights reserved. Momentum SP Reid Securities a subsidiary of MMI Group Limited, an authorised financial services and credit provider Reg. No. 1974/000041/07. Momentum SP Reid Securities is a member of the JSE Ltd [FSP 29547] [NRCP 2518]