Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Volt Resources expects approval “in the near future” for Tanzanian Note Issue

Proactive Investors Wednesday, 28 November 2018
Volt Resources Ltd (ASX:VRC) is confident of receiving approval “in the near future” for its Tanzanian Note Issue to raise approximately US$40 million to advance the Bunyu Graphite Project. Conditional approval has been received from the Dar es Salaam Stock Exchange PLC to list the notes on the exchange. Most of these conditions relate to the provision of further information or points of clarification. READ: Volt Resources receives two vital licences for Bunyu Graphite Project The key condition is approval of the note prospectus by the Tanzanian Capital Markets and Securities Authority (CMSA), which Volt expects to receive in the near future. Conditional approval represents an important progression in the funding process. Volt’s management and its advisors, Exotix Capital and Orbit Securities, have started an investor roadshow in Tanzania this week in advance of receiving prospectus approval. READ: Volt Resources granted mining licences for Bunyu Graphite Project in Tanzania The Mining Commission of the Ministry of Minerals of Tanzania recently issued two mining licences covering the respective stage I and stage II developments of the project. Funds raised from the note issue will be used towards the stage I development. A definitive feasibility study on the large-scale stage II expansion will be undertaken concurrently with the stage I development.

Recent related videos from verified sources

Nike Earnings: What Really Matters For the Stock Ahead of G20 [Video]Nike Earnings: What Really Matters For the Stock Ahead of G20

Nike's earnings report disappointed the market, but it shouldn't have, according to the company's top Wall Street analysts. The real takeaways on the stock are more nuanced then the headline numbers...

Credit: The Street     Duration: 02:59Published

Recent related news from verified sources

Volt Resources has $1 million loan payment maturity date extended by two months

Volt Resources Ltd (ASX:VRC) has been advised of a two-month extension to the maturity date of a loan facility with RiverFort Global Capital and Yorkville...
Proactive Investors

Volt Resources enters trading halt ahead of capital raising, Bunyu graphite development ongoing

Volt Resources Ltd (ASX:VRC) has been granted a trading halt by the ASX pending the release of an announcement regarding a capital raising. The halt will be in...
Proactive Investors

Haywood Capital Markets reiterates Buy rating and $3.50 target price on WeedMD following recent site visit

Haywood Capital Markets has reiterated a Buy rating and $3.50 target price on WeedMD Inc (CVE:WMD) (OTCMKTS:WDDMF) shares following a recent site visit, saying...
Proactive Investors

Titanium Sands extending heavy mineral sand tenure in Sri Lanka via acquisition

Titanium Sands Ltd (ASX:TSL) has entered into a conditional sale agreement to acquire a group of companies that hold a substantive 38 square kilometre tenure...
Proactive Investors

You Might Like

Other recent news in Business

BORIS JOHNSON from gaffes to hard Brexit: Britain’s new prime ministerUS police officers fired for suggesting Alexandria Ocasio-Cortez should be shot
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.