Antinuclear

Australian news, and some related international items

Toro borrows up big from Macquarie Bank for uranium venture

Toro raises $12m in debt , Yahoo News, 2 Nov 12 Toro Energy has raised $12 million through a convertible debt facility with Macquarie Bank.

Toro said the raising would boost its coffers to $19.5 million, which would be used to fund the completion of a definitive feasibility study for the Wiluna uranium project and finalise negotiations with potential joint venture or funding partners.

Managing director Greg Hall welcomed Macquarie Bank as a significant new stakeholder in Toro and said he looked forward to working with the investment bank in moving the Wiluna project through to financing phase… http://au.news.yahoo.com/thewest/business/a/-/wa/15274840/toro-raises-12m-in-debt/

November 2, 2012 - Posted by | business, uranium, Western Australia

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