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Resource Generation Ltd Announces Financing


Monday, 1 Apr 2013 06:11pm EDT 

Resource Generation Ltd announced that it has made a placement of 21,352,350 ordinary shares at 40 cents per share to Barsington Limited, a wholly owned subsidiary of Noble Group, to raise $8.5million. Noble Group has also agreed to provide Resource Generation with a secured loan facility of up to USD123 million on normal commercial terms. The facility can be drawn down until December 31, 2013 and will be repayable 21 months after the first draw-down. This loan facility is in addition to the $20 million secured debenture issued to Noble Group in January 2013. 

Company Quote

0.095
-0.0050 -5.00%
27 Feb 2015