Establishes US$75 Million Finance Facilities
Perth, May 1, 2015 AEST (ABN Newswire) - Valence Industries Limited (
ASX:VXL) (VLQCF:OTCMKTS) ('Valence Industries') is pleased to announce that it has entered into binding Heads of Agreement for US$75M (AU$95M) in debt finance facilities for its planned expansion programs.
The company will provide further details of the terms and conditions for the debt facility together with details of the proposed capital raising notified in the trading halt announcement prior to the stock resuming trading expected to be before commencement of trade on Tuesday 5th of May 2015.
About Valence Industries Ltd
Valence Industries Limited (ASX:VXL) is an industrial manufacturing company producing high grade flake graphite products for distribution and sale to global markets. Valence Industries owns established processing facilities and infrastructure to manufacture a wide range of graphite product lines for multiple applications and multiple industries. Valence Industries produces and sells its graphite products from its Uley Graphite facilities in regional South Australia for delivery to diversified markets for graphite in the Asia Pacific, Europe and North America. Visit Valence Industries
| ||
|
