First Quantum renews C$250 million revolver

By Sara Rosenberg

New York, Jan. 12 - First Quantum Minerals Ltd. renewed its existing C$250 million revolving credit facility with Standard Chartered Bank, according to a news release.

The revolver, due in January 2010, is priced at Libor plus 450 basis points.

Proceeds are available for general corporate purposes.

Security is a first ranking mortgage over investments owned by the company.

First Quantum is a Vancouver-based mining and metals company.

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