BRIEF-Hudson Resources signs mandate letter with European Investment Bank regarding debt financing of White Mountain project

Tue Apr 19, 2016 9:25am EDT
 
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April 19 (Reuters) - Hudson Resources Inc

* Hudson signs mandate letter with European Investment Bank regarding debt financing of White Mountain Project

* Entered into an agreement with European Investment Bank to appraise Hudson's White Mountain anorthosite project in Greenland

* EIB is considering offering Hudson a loan of up to 14m euros, not exceeding 50% of project costs

* In total, project capital costs, including working capital, are not expected to exceed CDN$40 million, equivalent to 27 million euros Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)