Oriental Minerals Amends Acquisition of Sangdong; Arranges Interim Loan Financing

July 19, 2008 Filed Under: Mining Stocks, Molybdenum Mining, Precious Metal  

Oriental Minerals Inc. is pleased to announce it has amended payment terms for the acquisition of the Sangdong tungsten-molybdenum project in South Korea. The Company has also secured a $3 million interim loan financing from Longview Capital Partners, its largest shareholder. Payment terms for the current installment due for the Sangdong acquisition have been amended to payments of $1.2 million on...