Wednesday, 3 July 2013

Mandalay Resources boosts acquisition fund

Mandalay Resources (TSE:MND) has expanded its credit facility up to US$30mln from US$20mln.
The money could be used for acquisitions, the group said.
"The additional US$10 million provided by the amendment gives the company increased flexibility,” said chief executive Brad Mills.
“The company expects to use the Facility for general corporate purposes, including the funding of permitted acquisitions."
Mandalay operates precious metal and antimony mines in Australia and Chile.

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