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| Home : Formation Metals Redeems US$43.6 in Bond Debt |
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May 13
2013 |
Formation Metals Redeems US$43.6 in Bond Debt |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 13, 2013) - Formation Metals Inc. (TSX:FCO) ("Formation" or "the Company") announced today that on May 9, 2013 it redeemed bond debt of US$43.6 million. The debt was made available through the Federal Stimulus Package Recovery Zone Facility Bonds ("RZFB") to complete Phase I and Phase II construction of the Company's 100% owned Idaho Cobalt Project ("ICP"). The debt was redeemed using the Company's cash which had been restricted as collateral for the bonds. |
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| Source:http://www.marketwire.com/mw/release.do?id=1789805&sourceType=3 |
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