mol close to securing us$500m debt financing.., page-5

gustie

The due diligence being carried out on site is for the core US$500m funding and is completely unrelated to the US$140 equity funding due from Hanlong prior to 24/3, this is confirmed by the 1/3 announcement which states.

"Moly Mines is pleased with the progress made to date with the US$500 million Project Loan Facility. Several Chinese financial institutions are undertaking advanced due diligence activities with site visits starting in early March."