Emerald Resources Signs Mandate for $200 Million Facility With Sprott Resource Lending, Macquarie Bank

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Emerald Resources (ASX:EMR) will establish a $200 million corporate acquisition facility with Sprott Resource Lending and Macquarie Group (ASX:MQG) unit Macquarie Bank, scalable to $400 million through the use of an accordion feature, according to a Wednesday filing with the Australian bourse.

The company said the facility will provide funding to support future acquisitions.

The facility, which carries a five-year term, is subject to customary conditions including the completion of legal due diligence.

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