Global Minerals Completes Second and Final Drawdown in $2 Million Loan Financing with Investec Bank (UK) Limited
September 4th, 2008Global Minerals Ltd. announce that it has closed and completed the second and final drawdown (US$1,250,000) of the US$2,000,000 convertible loan facility with Investec Bank (UK) Limited (LONDON: INVP) (JOHANNESBURG: INP) (”Investec”). The Company completed its initial drawdown of US$750,000 on August 15, 2008.
The loan will be used by Global Minerals primarily for expenditures [...]