23rd Jun 2015 09:43
LONDON (Alliance News) - North River Resources PLC on Tuesday said it remains in talks with potential debt and equity providers as it looks to secure new financing to back its Namib lead-zinc project in Namibia.
North River said it is making progress on defining a funding plan for the site and said talks with a number of potential financiers are ongoing.
It said that should the financing package include an equity issue, it is committed to giving its shareholders the opportunity to participate, though the size, structure and timing of any further funding does remain under discussion. It will make further announcements once these discussions are concluded.
Shares in North River were trading flat at 0.375 pence on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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