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Straits Resources Limited

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    Straits Resources Limited

    By admin | | Comments are Closed | 24 April, 2021 | 0

    Straits Resources Limited

    Debt Transaction

    Straits Resources & Argonaut

    Argonaut acted as Advisor to Straits Resources Limited for the US$136 million debt restructuring and project finance of the company in 2015. Straits Resources Limited is an Australian independent gold and copper mineral exploration and development company. This decision for debt transaction follows an extensive global tender and due diligence process following all relevant conditions precedent to the recent shareholder approved longer-term debt structure.

    Straits Resources Limited (ASX:SRQ) changed its name to Aeris Resources Limited (ASX:AIS) in 2015 following a strengthened financial outlook from various growth opportunities. The Company’s main assets include the wholly-owned Tritton Copper Operations in New South Wales, the Cracow Gold Operations in Queensland, as well as the Torrens Project greenfields exploration in South Australia.

    Argonaut Debt Transaction
    for Straits Resources

    US$136,000,000 Debt Restructuring
    and Project Finance
    Advisor
    2015
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