Tiger Resources (ASX:TGS) has been granted a trading halt by the ASX pending details in relation to finalisation of the debt refinancing facility, and a capital raising.
In October Tiger agreed a terms sheet with Taurus Mining Finance Fund and International Finance Corporation, a member of the World Bank Group.
This was for a common terms agreement for a US$162.5 million secured financing facility for the refinancing and expansion of the Kipoi Copper Project.
The project is located in the Katanga Province of the Democratic Republic of Congo.
The halt will remain in place until the opening of trade on Friday 18th December 2015, or earlier if an announcement is made to the market.
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