Prairie to advance projects after securing new $2m loan

July 6, 2017

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To accelerate the development of its Poland-based Debiensko hard coking coal project and advance preconstruction engineering works at its Jan Karski mine, dual-listed Prairie Mining has secured $2-million in funding from its cornerstone investor CD Capital Natural Resources Fund. The investment will take the form of a private placement of nonredeemable, non-interest bearing convertible loan notes and is upsized from a previously announced A$2-million.

Category: General