/NOT FOR DISTRIBUTION IN THE UNITED STATES/
This press release does not constitute an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration. There will be no public offering of any of the securities mentioned in this press release in the United States.
TSX:ORV
$47M Bonds Program Approved by the Bolivian Financial Regulator Allowing Bolivian Subsidiary to Offer Bonds to Partially Finance the Oxides Stockpile Project
TORONTO, Dec. 1, 2023 /CNW/ - Orvana Minerals Corp. (TSX: ORV) (the "Company" or "Orvana") announced financial and operational results for Fiscal Year 2023 (ended September 30, 2023), and the approval of its $47M Bonds Program in Bolivia. The proposed bonds offering in Bolivia is the core component of the financing structure in Bolivia to fund the proposed expansion of the Don Mario Plant. Funding in Bolivia for the expansion of the Don Mario Plant is expected to be comprised of a combination of the $47 bonds offering and $36 million additional financing (the "Additional Financing") that the Company is still in the process of pursuing. The potential closing of the bonds program is contingent on the Company securing the Additional Financing (see "Bolivian Bonds Program" below). see & read more on
https://www.newswire.ca/news-releases/orvana-reports-fy2023-results-amp-fy2024-guidance-825962175.html |