Summary
LONDON (Reuters) - Mining and recycling firm ZincOx Resources plc is turning to hedge funds to finance its Jabali zinc project in Yemen, senior executives said.
The firm, listed on the Alternative Investment Market in London, expects to sign a $120 million bond with eight to 10 hedge funds by the end of June to fund a high-grade zinc oxide project. "We are not aware of anyone doing this ever before," Managing Director Michael Foster told Reuters, referring to the new financing tool.See the full content of this document
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Mining Firm to Use Hedge Funds to Finance Bond
An additional $66 million of equity would be put aside to finance the project, supplying 56,000 tons of zi...
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