Volt Resources Ltd's (ASX:VRC) (FRA:R8L) Trevor Matthews tells Proactive's Andrew Scott they've executed a term sheet with European investment company, JES Green Investments Ltd for a US$8.5 million debt facility. The facility will go towards the funding of Volt’s acquisition of a 70% interest in the Zavalievsky group of companies (ZG Group) and related expenses, as well as to provide working capital. He says the ZG Group acquisition will transform Volt into one of the few ASX-listed graphite producers without the usual time and risk related to complete greenfield project financing, construction, commissioning and ramp-up.
Volt Resources secures US$8.5 million debt facility as it nears completion of ZG Group
