Orbis Gold Limited ("Orbis Gold" or the "Company") advises that it has appointed Cutfield Freeman & Co Limited
(CF&Co) as an independent debt advisor.
The appointment of CF&Co follows approaches from several financial institutions with indicative funding proposals, including the possibility of funding completion of the Definitive Feasibility Study (DFS) with debt, and procuring significant funds and financial support for the development of the Natougou Gold Project.
Given the Natougou Project DFS is now more than 50% complete, with exceptionally strong economics and short payback period as outlined in the recently announced Updated Scoping Study (14 October 2014), the Company considers it prudent to make the appointment now to ensure a disciplined approach is taken in reviewing its funding options and ensuring an optimal solution is pursued when a development decision is made in 2015.
CF&Co is an independent corporate finance adviser in the metals and mining sector with extensive experience assisting companies to fund projects, including several successful funding transactions for projects in Burkina Faso and elsewhere in West Africa.
For more information please contact: | |||
Mr Peter Spiers Managing Director Ph: +61 (0)7 3198 3042 Mob: +61 (0)409 407 265 Mr Peter Harding-Smith Company Secretary Ph: +61 (0)7 3198 3043 Mob: +61 (0)488 771 588 | Merrill Lynch Markets (Australia) Pty Limited Nick Chappel Director Ph: +61 (2) 9226 5347 Mob: +61 (0) 427 406 670 | Maxit Capital LP D. Bob Sangha Chief Executive Officer Ph: +1 416 646 7877 | MAGNUS Corporate and Financial Communication John Gardner Ph: +61 (0)413 355 997 Matthew Gerber Ph: +61 (0)419 423 405 |
Further information on Orbis Gold can also be found on our website http://www.orbisgold.com/www.orbisgold.com |
ASX Code: OBS 1 www.orbisgold.com
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