Business
South Star Announces Indicative Term Sheet for US$4M Debt Financing for the Santa Cruz Graphite Mine in Brazil and Appointment of New CFO
- NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES - Non-Binding Indicative Term Sheet for a US$4,000,000 loan facility with Sprott Streaming over a 3-year maturity period for the Santa Cruz Graphite Mine in Brazil;The funds will be used to support the continued development and optimization of the Phase 1 Santa Cruz Graphite Mine in Brazil; andSouth Star and Sprott are working on the definitive documentation and expect the financing to close on an expediated schedule.
About this update from Sprott Inc.
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