Tiger Resources Limited #3243

International Finance Corporation (IFC)

Tertiary investor/lender

Senior Facility (Tranche A) - a $162.500 million facility provided by Taurus Mining Finance Fund (Taurus), International Finance Corporation (IFC), a division of the World Bank, and Resource Capital Fund VI L.P. (RCF) (together the “Senior Lenders”). Bridge Facility (Tranche B) - an additional $10.000 million facility provided by the Senior Lenders to accommodate short term funding needs as a result of the ILS remedial work and loss of production. The increase was accommodated under a revision to the existing Common Terms Agreement and, under the revised facility arrangements, the Senior Lenders agreed to capitalisation of interest with respect to 4 interest repayments to 31 July 2017. In return, the Company agreed to issue the Senior Lenders a total of 6.2 new ordinary shares per US Dollar of funding advanced under the bridge facility or interest capitalised. On 21 August 2018 the Company repaid the remaining debt on this loan. - Additional Debt Facility (Tranche C) - a $18.154 million super senior debt facility with Taurus and IFC with the consent of the other Senior Lender RCF. On 4 October 2017, the Group made the first drawdown of $3.984 million against the Additional Debt Facility, receiving $2.031 million in net proceeds after deduction of financing costs. On 21 August 2018 the Company repaid the remaining debt on this loan. On 31 August 2019, the whole of the senior lender debt held by Resource Capital Fund VI LP was acquired by QMetco Limited (“QMetco”). The Senior Lenders of the Company are now QMetco, Taurus and the IFC.

Lupoto Project

Subsidiary company

Congo Minerals (COMIN)

Subsidiary company