Northern Minerals (ASX: NTU) has closed out the Lind Funding facility that it entered into in late 2015. The funding was used to maintain project momentum for the Browns Range Project over the course of 2016. With the new equity subscription by Huatai Mining, the facility was no longer required and was closed out.
Northern Minerals (ASX: NTU; the Company) is pleased to announce that it has concluded the Funding with Lind Partners LLC (Lind Funding). The Company is now debt free.
Northern Minerals is extremely appreciative of the support given to the Company over the past 15 months by Lind Partners LLC and in particular, Jeff Easton. The Lind Funding was an outstanding success for the Company.
Northern Minerals Managing Director and CEO, George Bauk, said “The completion of the funding marks an important point for the Company as we near the final investment decision for the Browns Range Pilot Plant development.
“At a time where market support was limited, the Lind Funding allowed us to maintain project momentum and progress it to where it is today. For this, we are extremely grateful.”
