Consolidated Tin Mines Secures US$20 Million Funding Facility from China
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Consolidated Tin Mines has secured a US$20 million funding facility that will be used for the acquisition of assets, developing existing assets, and working capital.
The company has entered into a formal agreement with Beijing Huacheng Dadi Investments Limited to secure the loan guarantee facility from a Chinese Commercial Bank.
The funding will be made available following settlement of the Snow Peak Mining Pty Ltd / CSD Asset Sale Agreement (ASA).
Also, Ralph De Lacey recently took on the role as managing director, in additional to his role as co-chairman.
Source: (February 29, 2016) Proactive Investors
About Consolidated Tin Mines
Consolidated Tin Mines (ASX:CSD) is listed on the Australian Securities Exchange.
To stop by Consolidated Tin’s website, CLICK HERE
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