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Brisbane, Feb 23, 2010 (ABN Newswire) - Republic Gold Limited (
ASX:RAU) are pleased to provide shareholders with the following update on the Company's financial plan to secure funding for the development and construction of the Company's million ounce plus gold project at Amayapampa in Bolivia ("Amayapampa" or the "Project"), plus the appointment of technical consultants to work on the BFS.
Republic's Managing Director; John Kelly, said: "The appointment of CPM and CCP to seek a debt and equity package to finance the Project is a significant milestone for the development of Amayapampa. CPM will assist Republic in identifying and securing competitive terms for the Project's debt financing via a process that will solicit proposals from multiple sources. We have been working with CCP for a number of years and I'm very pleased to continue that association. Financing a project in Latin America is not without risk, so I'm very pleased that two high calibre groups such as CPM and CCP are prepared to take on this risk and commit to the Project along with the Company.
The appointment of Fraser Osborn and Gekko Systems to complete the treatment plant BFS sub-study is obviously a critical milestone in the Projects development."
Appointment of Debt & Equity Financial Advisors
Republic has appointed the New York-based investment bankers CPM to advise on and coordinate the raising of project debt for the development and construction of the Amayapampa Gold Project and to provide working capital finance.
CPM Group will be working with the Company's long-term financial advisors CCP, who are coordinating the raising of equity capital for the Project. The Company will continue to explore both the Australian and North American capital markets, with the latter showing a keen interest in Amayapampa.
The Company is continuing to work with Patersons Securities which assisted the Company in its last two equity capital fund raisings in Australia.
For the full Republic Gold ASX Announcement, information on the company attending the PDAC International Mining Investment Forum and the Appointment of Engineering Consultants, please click the link below:
http://www.abnnewswire.net/media/en/docs/62331-ASX-RAU-332642.pdf
ASX:RAU) are pleased to provide shareholders with the following update on the Company's financial plan to secure funding for the development and construction of the Company's million ounce plus gold project at Amayapampa in Bolivia ("Amayapampa" or the "Project"), plus the appointment of technical consultants to work on the BFS.Republic's Managing Director; John Kelly, said: "The appointment of CPM and CCP to seek a debt and equity package to finance the Project is a significant milestone for the development of Amayapampa. CPM will assist Republic in identifying and securing competitive terms for the Project's debt financing via a process that will solicit proposals from multiple sources. We have been working with CCP for a number of years and I'm very pleased to continue that association. Financing a project in Latin America is not without risk, so I'm very pleased that two high calibre groups such as CPM and CCP are prepared to take on this risk and commit to the Project along with the Company.
The appointment of Fraser Osborn and Gekko Systems to complete the treatment plant BFS sub-study is obviously a critical milestone in the Projects development."
Appointment of Debt & Equity Financial Advisors
Republic has appointed the New York-based investment bankers CPM to advise on and coordinate the raising of project debt for the development and construction of the Amayapampa Gold Project and to provide working capital finance.
CPM Group will be working with the Company's long-term financial advisors CCP, who are coordinating the raising of equity capital for the Project. The Company will continue to explore both the Australian and North American capital markets, with the latter showing a keen interest in Amayapampa.
The Company is continuing to work with Patersons Securities which assisted the Company in its last two equity capital fund raisings in Australia.
For the full Republic Gold ASX Announcement, information on the company attending the PDAC International Mining Investment Forum and the Appointment of Engineering Consultants, please click the link below:
http://www.abnnewswire.net/media/en/docs/62331-ASX-RAU-332642.pdf
About Republic Gold Limited
Republic Gold Limited is an explorer of gold, focusing on gold deposits in Australia's slate belt gold provinces. Its two projects in the Hodgkinson Basin are the Northcote Project (75%-owned) and the Tregoora Project (100%-owned). Drilling programs have been carried out by the Company on both projects. Republic has a coverage of exploration tenements and applications in the Hodgkinson Basin totaling approximately 5,000 square kilometers.
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