Fortbridge Media ReleaseOGL Resources [ASX: OGL] - Memorandum of Understanding for Port AccessOGL Resources (ASX: OGL) has announced that the Company, through its Australian 100% owned subsidiary Ebenezer Coal Pty Ltd, is participating in a feasibility study which will evaluate the impacts and economics of transporting, storing, handling and shipping between an additional 600,000 to 1.5 million tonnes of coal per annum through existing port infrastructure.
The Company is progressing the acquisition of the Ebenezer Mine and Bremer View Project and final details of the capital raising will be announced in due course. Various structures for the proposed capital raise are being reviewed by the Companys advisors and multiple strategic investors have access to the data room in relation to funding, including potential off-take arrangements.
Please see more in the attached announcement.
For further information, please contact:
Matthew Storey Director, Corporate Finance
Jonathan Pearce Associate Director, Corporate Finance
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Ph: +61 2 8238 6222
Media & Investor Relations
Fortbridge
+61 2 9003 0477
Bill Kemmery +61 400 122 449
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