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06 Jun
02:58

Clara Resources raises debt for Ashford acquisition

Australian miner Clara Resources has established an AUD 1.1 million ($730,000) debt facility to fund its Ashford coking coal project acquisition and working capital, Kallanish notes. The firm says in a statement that it has received commitments for the debt facility from sophisticated and professional investors including its chief executive officer Peter Westerhuis, chief financial officer John Haley and non-executive director Richard Willson. This facility was p…
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