Unicorn Mineral Resources plc has agreed the main terms of a one-year £1.25 million unsecured loan facility with its chairman, Paddy Doherty. NAMIBIA The Dublin-based company will use the loan to buy the Klein Aub copper mine, along with 5.6 million tonnes of slimes and tailings, in the Kalahari Copper Belt, central Namibia. Completion of […]
Tag: unsecured loan facility
Condor Gold agrees up to £475,000 loan
Condor Gold plc has entered into an unsecured term loan facility for up to £475,000 with Galloway Ltd. LA INDIA Galloway, owned by Burnbrae Group Ltd which is in turn owned by Condor’s chairman Jim Mellon, owns 26.13% of Condor’s issued ordinary share capital. Condor non-executive director Denham Eke is also a director of Burnbrae […]