MOD Resources receives ‘encouraging’ funding proposals for Botswana copper play

MOD Resources says it has received ‘encouraging’ proposals from several parties interested in potentially supply debt to its T3 copper project in Botswana.

‘The company and its advisers have begun to evaluate these proposals with the intention of targeting the finalisation of debt agreements by the end of the third quarter of 2019,’ chairman Mark Clements said in speech notes for the company’s AGM.

‘The company is also engaging with independent technical experts and expects to confirm the appointment of an independent technical engineer and independent environmental & social consultant in the second quarter of 2019,’ Clements said.

‘In addition, the company and its advisers have continued to advance non-debt funding options while simultaneously progressing discussions with a range of other interested strategic parties.’

‘The company will update the market with any material developments.’

At 8:20am: [LON:MOD] share price was +0.25p at 16.75p


2 years ago

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