Euro Sun Mining Inks Preliminary Agreement for up to $400M in Financing

Dow Jones

3小时前

Euro Sun Mining has signed a preliminary agreement for up to $400 million in senior debt financing for its gold-copper project in Romania.

The mining company on Friday said that it has signed a memorandum of understanding with Macquarie Bank and Trafigura for the proposed financing to support the development the Rovina Valley project.

The companies will work together over the next 18 months to do their due diligence and develop a structure for the financing, Euro Sun said.

At the same time, Euro Sun has agreed to take on a $3 million strategic equity investment from Urion Investment Holdings, a Trafigura company, for 21.5 million units, it said.

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