BAAR, Switzerland–(BUSINESS WIRE)–Blackstone Resources AG (SWX: BLS; STU: 4BR, FRA: 4BR, BEB: 4BR)
(“Blackstone”) is pleased to announce that it has engaged Ithuba Credit
Corporation Ltd to advice for the issuance of a private placement.
Ithuba will undertake the negotiations with its clients and associates
to support and place in another non – listed private placement the
Blackstone Bond. The bond will bear a 5% coupon and consist of a 5-year
tranche. The bond will be subscribed by various investors, half of whom
had already participated in previous issues. The settlement will be in
May 2019.
The transparency and the quality of relations that Blackstone Resources
maintains with the financial community contributed significantly to the
success of this debt financing with Ithuba Credit Corporation.
Reflecting improved terms (maturity and rates) in relation to the past,
this issue will be well subscribed, highlighting the confidence of
investors in the strength of Blackstone Resources business model.
This issue provides Blackstone Resources AG with increased financial
flexibility to support its growth and development, particularly in its
Battery Revolution. And in consideration of the long-term assets held
under concessions, it also contributes to extending the debt maturity
profile.
While diversifying its sources of financing, the company continued to
rely on the strong relationships it has developed with its history
banking and financing partners.
This private placement bond issue was arranged by Ithuba Credit
Corporation, acting as joint lead managers.
About ITHUBA CREDIT CORPORATION LIMITED
Ithuba Credit Corporation Limited operates as a Financing Company. The
Company offers a Lending and Asset Management Platform that provides
Credit and Risk Management solutions and Lending Services. Ithuba Credit
Corporation serves clients worldwide.
BLACKSTONE RESOURCES AG
Blackstone Resources is a Swiss Holding Company, with its legal domicile
in Baar, Kanton Zug and is concentrating on the battery metals market as
primary metals. In addition, it sets up, develops and manages refineries
used for gold and battery metals. It offers direct exposure to the
battery metal revolution that is being driven by the demand of electric
vehicles that need vast quantities of these metals. These include
cobalt, manganese, molybdenum, graphite and lithium. In addition,
Blackstone Resources has started a research programme on new battery
technologies.
For more information please visit www.blackstoneresources.ch
The disclaimer is an integral part of this press release.
Please ensure you consult the disclaimer for a full understanding of the
content within: http://www.blackstoneresources.ch/about-us/disclaimer-press-release/
Contacts
Blackstone Resources AG
Blegistrasse 5
CH-6340 Baar
Switzerland
T:
+41 41 449 61 63
F: +41 41 449 61 69
[email protected]
Investor Relations
Manuela Pereira
[email protected]
Media Enquires
Manuela Pereira
[email protected]
