Hale Capital Partners to provide $13 mln in DIP financing to RB Energy
Canadian lithium mining company RB Energy Inc (TSX: RBI) recently announced that U.S. private equity firm Hale Capital Partners has agreed to provide it with up to US$13 million in debtor-in-possession (DIP) financing. The proceeds are intended to help the company meet current obligations in its restructuring process. The Vancouver-based RB Energy, which owns the Québec Lithium Project near Val d'Or, Québec, as well as mining assets in Chile, filed for creditor protection earlier this month. This week it was announced that the Toronto Stock Exchange will de-list company shares on November 24.
23 October 2014•3 mins read
