Cora Gold Ltd has appointed Atlantique Finance as sole adviser on a medium-term US$70 million loan in CFA* franc (XOF) to help construction at the Sanankoro gold project in southern Mali.
DEBT MANDATE
Atlantique Finance is the investment banking and advisory arm of Groupe Banque Atlantique and a member of the Banque Centrale Populaire Group (BCP Group).
Cora signed a mandate letter for the appointment which is for a minimum of six months.
“This US$70 million debt mandate is building on our fundraising activities earlier this year, where we raised US$3.9m in equity and US$15.9m in convertible loan notes,” said chief executive Bert Monro.
“Once the definitive binding agreements in respect of senior debt are concluded, and such agreements become unconditional, then the convertible loan notes are subject to mandatory conversion.”
*Central African Franc