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Orion Minerals Ltd (ASX:ORN, JSE:ORN) has repaid a legacy loan facility to finalise key conditions imposed on a multi-pronged funding strategy for its.
Dual-listed Orion Minerals highlights that it has taken another important step in advancing the multi-pronged funding strategy for its flagship base metals project, in the Northern Cape of South Africa, after repaying a legacy loan facility. The company has satisfied one of the key conditions precedent to draw down both the R250-million Industrial Development Corporation of South Africa (IDC) convertible loan facility and the A$10-million Triple Flag Precious Metals early funding arrangement, through the repayment of the Anglo American sefa Mining Fund (AASMF) loan facility.
Orion step closer to unlocking A$31m in funds after repaying 2015 loan to Anglo American miningmx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miningmx.com Daily Mail and Mail on Sunday newspapers.