Financial Close of Transactions With Groupe Mimran
(firmenpresse) - PERTH, WESTERN AUSTRALIA -- (Marketwired) -- 03/02/16 -- Avenira Limited (ASX: AEV) (TSX: AEV) is pleased to announce that the joint venture and placement transactions with Groupe Mimran companies have achieved financial close.
Avenira has received approximately A$28 million in proceeds which, combined with Avenira's cash balance at 31 December 2015 of approximately A$12 million, ensures funding for:
In accordance with the terms of the MOU, settlement of the transaction has allowed the following to occur:
Mr. David Mimran has been appointed to the boards of both BMCC and Avenira Limited.
Avenira Managing Director and CEO Mr. Cliff Lawrenson said: "We are delighted to have concluded the final stage of the transaction with Groupe Mimran. This is a key funding and strategic milestone for Avenira and we are one of very few resource companies that is fully funded to production. We welcome Groupe Mimran as our project partner and as a key shareholder and we look forward to the contribution David Mimran will make as a board member of Avenira as we progress the Baobab Project into production in the second half of 2016."
Cliff Lawrenson, Managing Director
ABN 48 116 296 541
Contacts:
Mr. Cliff Lawrenson
Managing Director and CEO
+61 8 9264 7000
Mr. Rod Wheatley
CFO and Company Secretary
+61 8 9264 7000
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Datum: 02.03.2016 - 13:54 Uhr
Sprache: Deutsch
News-ID 454710
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contact information:
Town:
PERTH, WESTERN AUSTRALIA
Kategorie:
Mining & Metals
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"Financial Close of Transactions With Groupe Mimran"
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