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| Home : AXMIN Executes Mandate Letter With the Standard Bank to Arrange and Underwrite Up to US$100 Million of Debt Financing |
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Jul 20
2011 |
AXMIN Executes Mandate Letter With the Standard Bank to Arrange and Underwrite Up to US$100 Million of Debt Financing |
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TORONTO, ONTARIO--(Marketwire - July 20, 2011) - AXMIN Inc. (TSX VENTURE:AXM) ("AXMIN" or the "Company") is pleased to announce the signing of a Mandate Letter with The Standard Bank of South Africa Limited ("SBSA"), an international financial institution headquartered in Johannesburg, South Africa, in terms of which SBSA is appointed as the Mandated Lead Arranger ("MLA") to arrange and underwrite a US$100 million Export Credit Insurance Corporation of South Africa Limited ("ECIC") backed term loan facility for the purposes of partially funding the development of the Passendro Gold project in the Central African Republic. |
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| Source:http://www.marketwire.com/mw/release.do?id=1540448&sourceType=3 |
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