BRIEF-Orvana announces $12.5 mln prepayment financing with Samsung C&T

Wed Jul 27, 2016 9:43am EDT
 
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July 27 (Reuters) - Orvana Minerals Corp

* Orvana announces $ 12.5 million prepayment financing with Samsung C&T

* Will sell gold doré from its El Valle mine in Spain and copper concentrate from its Don Mario mine in Bolivia to Samsung C&T

* Orvana minerals says obligations to Samsung C&T under facility are secured by pledge of all of Orvana's shares of its unit Orovalle Minerals S.L.U.

* Will sell gold doré from mine in Spain,copper concentrate from mine in Bolivia to Samsung C&T, on exclusive basis for 30 months Source text for Eikon: Further company coverage: