Renergen nears financing close for Virginia gas’ Phase 2

JSE-listed emerging helium and natural gas producer Renergen has signed a retainer letter with the US International Development Finance Corporation (DFC) for a possible $500-million loan to finance the Phase 2 development of the company’s Virginia gas project, in the Free State province of South Africa. DFC provided $40-million in financing for Phase 1 operations and is currently screening the proposal for Phase 2 financing.

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