Rio2 Limited (TSX-V:RIO, OTCQX:RIOFF) (TSXV:RIO) (OTCQX:RIOFF) CEO Alex Black talks to Proactive the group is working on financing the construction of a mine at its Fenix Gold Project in Chile in three parts.
Black says the group will soon close a capital raise of $20M of equity, it has a non-binding term sheet with Wheaton Precious Metals International Ltd. for a $50 million Gold Purchase Agreement, and the third part is a senior project debt facility of $50-60 million from BNP Paribas.