TNG Limited (TNG AU) has announced an AU$4m placement led by SMS Group with a contribution of AU$1.5m which underpins the strong support that the group has provided for TNG to date. SMS had agreed to provide assistance with obtaining project financing primarily through Export Credit Agencies for the construction of the TIVAN refinery. Furthermore, SMS signed a binding agreement in May for the engineering, design and construction of the refinery.
20 Jun 2016
VSA Morning Miner
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VSA Morning Miner
Tivan Limited (TVN:ASX) | 0 0 0.0% | Mkt Cap: 116.7m
- Published:
20 Jun 2016 -
Author:
Oliver O’Donnell -
Pages:
3
TNG Limited (TNG AU) has announced an AU$4m placement led by SMS Group with a contribution of AU$1.5m which underpins the strong support that the group has provided for TNG to date. SMS had agreed to provide assistance with obtaining project financing primarily through Export Credit Agencies for the construction of the TIVAN refinery. Furthermore, SMS signed a binding agreement in May for the engineering, design and construction of the refinery.