Baja Mining cashed up for El Boleo

摘要

VANCOUVER - A 515-million US dollars financing plus a 45-million Canada dollars private placement means Baja Mining (BAJ-T, BAJFF-O) can start construction at its large ElBoleo copper-cobalt-zinc project in Mexico. A 475-million Canada dollars term loan and a 40-million Canada dollars cost overrun loan from Bayerische Hypo-und Vere-insbank, a member of the UniCredit Group, will go a long way towards financing El Boleo's 568.4 mil lion Canada dollars in development and working capital costs.