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Kidman buys KBL debt

KIDMAN Resources has acquired the $A12.6 million debt of its Cobar Basin neighbour, KBL Mining.

Kristie Batten
Kidman buys KBL debt

Kidman acquired the debt, which is secured against all of KBL’s assets, from Capri Trading and will also gain Capri’s 9.7% stake in KBL.   The facility, which has an interest rate of 13% per annum, is...

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