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| Home : Alderon Announces Signing of Project Financing Engagement Letter |
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Sep 12
2013 |
Alderon Announces Signing of Project Financing Engagement Letter |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 12, 2013) - Alderon Iron Ore Corp. (TSX:ADV) (NYSE MKT:AXX) ("Alderon" or the "Company") is pleased to announce that it has signed an engagement letter (the "BNP Paribas Engagement Letter") under which it has given BNP Paribas an exclusive mandate to act as lead arranger of up to a US$1 billion senior debt financing facility (the "Senior Debt Facility") to complete the construction and start-up of the Kami Iron Ore Project (the "Kami Project"), located in the Labrador Trough. The BNP Paribas Engagement Letter sets forth the required steps, including agreement on final terms and conditions and requisite documentation for the Senior Debt Facility, completion of due diligence, and procurement of credit approvals, among other things. The BNP Paribas Engagement letter does not constitute a commitment to provide financing. |
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| Source:http://www.marketwire.com/mw/release.do?id=1829865&sourceType=3 |
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