November 14, 2016 - RNC Minerals receives financing to fund Beta Hunt Mine operations
Located in the prolific Kambalda mining district in Western Australia, RNC Minerals’ 100%-held Beta Hunt Mine combines an excellent location in an established mining region, existing infrastructure, a history of successful and increasing gold and nickel production and tremendous exploration potential, all making the asset one of the premier mining operations in Australia.
Today RNC Minerals announced that it has entered into a $2.5M financing facility arranged by RiverFort Global Capital that will provide capital to be used towards the push towards positive cash flow generation at the Beta Hunt Mine. Specifically, the financing provides RNC Minerals with near-term operating flexibility and entails a low cost working capital package that will support the company’s aggressive ramp-up of exploration and production at Beta Hunt.
Comments