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| Home : Asian Mineral Resources Announces Project Financing Proposal With Lien Viet Post Bank |
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Jun 06
2013 |
Asian Mineral Resources Announces Project Financing Proposal With Lien Viet Post Bank |
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TORONTO, ONTARIO--(Marketwired - June 6, 2013) - Asian Mineral Resources Limited ("AMR") (TSX VENTURE:ASN) is pleased to announce that its 90% owned subsidiary, Ban Phuc Nickel Mines LLC ("BPNM"), is currently in advanced negotiations with Lien Viet Post Bank ("LVPB") on the provision of a US$20 million project financing loan (the "Project Debt") for its Ban Phuc Nickel Project. As part of this proposal, and pending final credit approval of the Project Debt, LVPB has granted an initial US$11 million loan to BPNM (the "Initial Loan"), secured by cash collateral from AMR's existing cash resources. The Initial Loan allows expenditure to bring the Ban Phuc Nickel Project into production to continue uninterrupted. |
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| Source:http://www.marketwire.com/mw/release.do?id=1799040&sourceType=3 |
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