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Allion acts for Gulf Manganese on A$15M fund raising

13 March 2018

This A$15M equivalent funding package, led by Indonesian-based diversified investment group, PT Jayatama Tekno Sejahtera, includes a combination of convertible notes, options and debt financing and will enable Gulf Manganese Corporation Limited to complete the construction and commissioning of the first two smelters at the company’s Kupang Smelting Hub Facility in West Timor.

Partners, Phil Lucas and Paul Sartori, said “we were delighted to be able to assist our long standing client Gulf Manganese with this important next step in their project.”



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