Merdeka Copper seeking $100 million in loans after IPO
June 12, 2015
Merdeka Copper and Gold, part of investment firm Saratoga Group, is seeking to obtain bank loans of up to US$100 million to fund its production preparations, as the next financing step after its initial public offering (IPO).
Merdeka Copper and Gold’s head of finance and corporate secretary, Ellie Turjandi, told reporters at a media luncheon held in Jakarta on Thursday that her company decided to trim the number of shares to be sold during the upcoming IPO because it had a more flexible source of financing.
Ellie said a number of banks had offered the company loans to help develop…