RiverFort Global Capital is pleased to announce a US$5m Strategic Project Financing agreement with Ariana Resources plc (AAU.LN), the AIM-listed gold production and development company. This financing will drive Ariana’s development of the Dokwe Gold Project in Zimbabwe and support acquisitions ahead of an ASX dual listing. RiverFort has funded US$2m upfront, with up to A$500k in equity in their planned ASX dual listing. Funds will be repaid from operational cashflow over 18 months.
Key Investment Highlights:
Immediate Project Acceleration: Ariana will use proceeds to commence work on the Dokwe Feasibility Study right away and fund strategic acquisitions.
Cornerstoning the ASX Dual Listing: As part of the ASX dual listing, RiverFort will cornerstone up to A$500,000 in Ariana’s planned ASX placing, furthering our commitment to their long-term growth.
Long-Term Funding: Ariana has access to the headline US$5m over four years, providing flexibility to advance projects through exploration and into construction.
Dr. Kerim Sener, Managing Director, commented:
“We are very pleased to enter into this Strategic Project Financing Agreement that has been arranged by RiverFort Global Capital Ltd at this important time in our development. Significantly, this funding is intended to be non-dilutive and forms a key part of our strategy in the lead up to our planned ASX IPO.
Having access to this capital enables the Company to immediately advance the Dokwe Project into its planned Feasibility Study programme, which will initially include additional exploration of the project to prove up additional resource upside.”
We look forward to partnering with Ariana Resources as they expand their gold production capabilities. This strategic investment underscores RiverFort’s commitment to supporting projects with substantial growth potential.
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