First Bauxite closes C$8m. funding deal with US investor RCF

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Published: Thursday, 20 January 2011

Emerging bauxite producer completes initial part of a $28m. lending facility

Canada’s First Bauxite Corp. has closed the first part of a two tranche financing deal with US private investor Resource Capital Fund (RCF).

The first tranche represents a value of C$8m. to further fund the development of its non-metallurgical bauxite project in Guyana, South America.

Proceeds from...

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