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    4-Traders: Orca Exploration Announces Closing of US$60 Million Financing of Tanzania Natural Gas Field Development with International Finance Corporation

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Summary

Orca Exploration says it has secured a $60 million loan from the International Finance Corporation to fund the first stage of the Tanzanian Songo Songo field

by: Erica Mills

Posted in:

Press Notes, Africa

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4-Traders: Orca Exploration Announces Closing of US$60 Million Financing of Tanzania Natural Gas Field Development with International Finance Corporation

Orca Exploration Group Inc. ("Orca" or the "Company") announces that it has entered into a loan agreement with International Finance Corporation ("IFC"), a member of the World Bank Group, for a US$60 million investment (the "Loan") in the Company"s operating subsidiary,PanAfrican Energy Tanzania Limited ("PAET").

Read the full article HERE.

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