Octagon 88 Resources (OCTX) is pleased to provide the CEC North Star letter to shareholders confirming and outlining the terms of the C$30M milestone-based project financing following a staged approach of capex requirements for the Manning Projects. CEC North Star has provided in a corporate update letter to its shareholders has details about the $30M project financing that will be filed as an 8-K in Octagon 88’s filings.

Letter to Shareholders:

“To finance these steps, we have negotiated and signed a mandate with a strong Switzerland based financing group to arrange a C$ 30M milestone-based project financing following a staged approach of capex requirements… The funding group was able to close quickly the first tranche of C$ 8,000,000 for the minimum case set out in page 13 of the Executive Summary with in the time frame agreed…

Tags: Octagon 88 Resources