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Gold Reserve Appoints Mandated Lead Arrangers for the Brisas Project Debt Financing
Gold Reserve Appoints Mandated Lead Arrangers for the Brisas Project Debt Financing.
About this update from Gold Reserve Ltd.
[{"type":"text","content":"\n\n\n\n\nTORONTO, Nov. 7 /CNW/ - Gold Reserve Inc. (TSX:GRZ - AMEX:GRZ) has\nappointed Corporaci¿n Andina de Fomento (CAF), Export Development Canada\n(EDC), UniCredit Group (HVB) and WestLB AG (WestLB) of Germany as Mandated\nLead Arrangers (MLA's) to arrange up to US $425 million of project debt for\nthe Brisas gold/copper project located in southeast Venezuela.\nDoug Belanger, President of Gold Reserve, stated, \"We are very pleased to\nbe working with the appointed MLA's, each of whom bring extensive experience\nin mining and structured finance. This is a very important milestone in\nachieving our corporate objective of placing the Brisas project into\nproduction.\"\n\nGold Reserve Inc. is a Canadian company which holds the rights to the\nBrisas gold/copper project and the Choco 5 gold exploration property in\nBolivar State, Venezuela.\n\nCorporaci¿n Andina de Fomento (CAF) is a multilateral financial\ninstitution whose mission is to promote the sustainable development of its\nshareholder countries and regional integration. Its current membership\ncomprises 17 countries in Latin America, the Caribbean and Europe, namely:\nArgentina, Bolivia, Brazil, Colombia, Costa Rica, Chile, Dominican Republic,\nEcuador, Jamaica, Mexico, Panama, Paraguay, Peru, Spain, Trinidad & Tobago,\nUruguay and Venezuela, along with 16 private banks from the Andean region.\nWith its headquarters in Caracas, Venezuela, CAF has representative offices in\nLa Paz, Brasilia, Bogota, Quito and Lima. For more information visit the CAF\nwebsite www.caf.com.\n\nEDC is Canada's official export credit agency that provides financing,\ninsurance and bonding products and services to foreign borrowers in support of\nCanadian exporters and investors. www.edc.ca\n\nUniCredit Group (HVB) is one of Europe's largest financial institutions.\nFor almost 20 years HVB, as part of the UniCredit Group, has been an active\nfinance house catering to the needs of its diverse and broad client base. With\nhighly experienced industry specialists and regional coverage the Group is\nwell positioned to provide solutions for its mining customers.\nhttp://profile.hypovereinsbank.de/\n\nWestLB AG is one of Germany's leading financial institutions with an\nextensive global network across all continents. WestLB's Metals and Mining\nFranchise is represented in each of the world's leadi...