Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
India-focused NSL Consolidated has secured a $4-million convertible loan facility from a US-based investment firm to fund its iron-ore projects. Under the loan facility with Magna, NSL would receive $125 000 on the date of closing, and an additional $125 000 within 30 trading days of closing. Subsequent funding in tranches of up to $250 000 would be available every 60 calendar days at NSL’s election.
India-focused NSL Consolidated has secured a $4-million convertible loan facility from a US-based investment firm to fund its iron-ore projects. Under the loan facility with Magna, NSL would receive $125 000 on the date of closing, and an additional $125 000 within 30 trading days of closing. Subsequent funding in tranches of up to $250 000 would be available every 60 calendar days at NSL’s election.
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