RNC Minerals closes $4 mln facility with Pala Investments
RNC Minerals (TSX: RNX), also known as Royal Nickel Corp, has entered into a US$4 million convertible term debt facility with Pala Investments, a Swiss mining private equity firm. Based in Toronto, RNC is focused on acquiring, exploring and developing base metal and precious metal properties. It said it will use the facility's proceeds for the on-going ramp-up of the Beta Hunt gold mine in Western Australia and other priorities. Earlier in 2017, RNC teamed up with Canadian private equity firm Waterton Global Resource Management to buy, develop and operate undervalued nickel assets.
19 September 2017•3 mins read
