Saint Jean Carbon inks $14.6 mln funding deal with Pala Investments
Saint Jean Carbon Inc (TSX-V: SJL) has agreed to receive $14.6 million in convertible debenture and bridge loan financing from Pala Investments, a Swiss private equity firm focused on the mining sector. Under the terms of the agreement, three representatives of Pala will be appointed to the company's board of directors. Funding proceeds are intended to support Saint Jean's closing of property transactions and starting work on the properties with the goal of moving to future production. Based in Calgary, the company has graphite mining exploration properties in Québec and Sri Lanka.
2 May 2014•6 mins read
