Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) is now moving forward with its proposed US$150 million debt financing with Shinhan Bank.
As quoted in the press release:
The Sangdong mine and process plant will be funded with $35 million in equity from IMC and US$150 million in debt from Shinhan bank. The APT refinery joint venture company will be funded with US$35 million invested by IMC and by Woulfe through debt and equity.
Woulfe Mining CEO and President Brian Wesson said:
Woulfe is now focused on moving the project development forward and finalizing the financing as quick as possible.