The additional funds are to be available in three tranches over the period to 30 September 2017.
The additional funds together with the existing facility of US$20 million are unsecured and subject to a parent company guarantee.
Resgen has signed an extension of the Facility Agreement of 3 March 2014 (facility), under which Noble Resources International Pte Ltd (Lender) has agreed to make available further funds of up to US$8.4 million to the company's subsidiary, Ledjadja Coal Pty Ltd (LCL) to fund the operations and development of the Boikarabelo mine project being undertaken in South Africa (Project) while project funding is secured.
The additional funds are to be available in three tranches over the period to 30 September 2017.
The additional funds together with the existing facility of US$20 million are unsecured and subject to a parent company guarantee.