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Message: Financing

Financing

posted on Jan 30, 2010 08:47AM

As I was speaking to Andrea in IR the news came out that the financing had been increased for the hard dollars at .30.

http://www.donnermetals.com/uploadedFiles/images//NRJan29.pdf

All has been taken down by institutions,mostly in Quebec.These funds now give them enough money to fullfil their obligations(25m).Any futher funding to bring it into production will be debt and they have already done the rounds with the banks.Any extra money is being used to fund futher exploration.

The kicker for donner which I find gets overlooked alot but may have been discussed here in the past(have only been visiting the synergy hub along with Peters blog) is its 14% interest in Knight Resources.With the recent financing by Knight this % has probably gone down a bit but still it is worth noting.

Anyway,I'll be popping in here now as well to see what others find out and have to say.Have a good weekend.Cheers.

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