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Octagon 88 Resources announces Manning projects $30m milestone-based financing


Published Dec 20, 2013
Octagon 88 Resources, Inc.

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




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