April 15, 2019 / 3:12 PM / a month ago

BUZZ-Thor Exploration sinks after co says will seek additional debt financing

** Shares of Canada’s Thor Exploration Ltd down 11.1 pct at C$0.16

** Company says will also be seeking to raise an additional $18m from debt or equity to be fully funded to production

** Co to get $78 mln financing for the construction of the Segilola Gold Project in Nigeria

** Our vision for the Segilola Project is aligned and we look forward to successfully implementing this landmark project in Nigeria - Segun Lawson, CEO of Thor Explorations

** Funding includes $54 mln senior secured credit facility, $9 mln gold stream prepayment and $15 mln equity investment from AFC

** Shares up 5.9 percent in the last 12 months (Reporting By Arundhati Sarkar in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below