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BRIEF-Hudson Resources says European Investment Bank approves debt financing of White Mountain Project

Published 2017-02-07, 08:42 a/m
© Reuters.  BRIEF-Hudson Resources says European Investment Bank approves debt financing of White Mountain Project
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Feb 7 (Reuters) - Hudson Resources Inc HUD.V -

* Announces that the European Investment Bank approves debt financing of the white mountain project

* Management committee of EIB grants preliminary approval to provide debt financing of up to $13 million for co's white mountain anorthosite project

* Says cordiant Capital Inc approved lending Hudson Greenland A/S up to $9.5m million

* Total white mountain project capital costs, including reclamation costs and working capital are estimated at CDN$40m

* Hudson Resources says complete terms and conditions of the loans remain confidential Source text for Eikon: ID:nCCN7gf0dz Further company coverage: HUD.V

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