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Sirius Minerals PLC chief ‘delighted to have reached this point’ with project financing

Friday, November 11, 2016 7:06
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(Before It's News)

Sirius Minerals PLC CEO Chris Fraser spoke to Proactive a week on from firming up the company’s $1.2 bln first-phase financing plan for their Polyhalite mine in North Yorkshire.
‘We’re delighted to have reached this point. We’ve got the shareholder vote to go but it’s great to reach a major milestone like this. It’s taken a long time but it’s a pretty significant achievement for us and it’s good that we’ve not only achieved a milestone for us but also set a few benchmarks in the process”, Fraser said.
”Our focus has always been on bringing this project into production – we’ve done everything we can all the way through to minimise dilution, which is a bit of dirty word in retail investment land, but ultimately you need capital to unlock the value and deliver a project like this. We believe the package we’ve put together here does the best job and is absolutely in the best interests of shareholders.”

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