ASX:ALKMetals and Mining
Why Alkane Resources (ASX:ALK) Is Up 20.1% After Securing New Credit Lines And Strengthening Governance
Alkane Resources Limited has recently executed an A$110,000,000 revolving credit facility and an A$40,000,000 contingent instrument facility with a syndicate of major Australian banks, while appointing experienced resources-sector lawyer Richard ‘Hof’ Steenhof as Joint Company Secretary and General Counsel following the resignation of Dennis Wilkins.
The combination of expanded banking lines without mandatory gold hedging and the addition of an experienced transactions-focused General...