ASX- and JSE-listed Resource Generation (Resgen) and Noble Resources International have agreed that the security to be provided as part of a revised funding arrangement between Noble and Resgen subsidiary Ledjadja Coal, be a share pledge over ResGen’s 74% interest in Ledjadja, which is held by another Resgen subsidiary, Resgen Africa Holdings Limited (RAHL). Resgen announced on September 13 that a conditional agreement had been reached with Noble to provide additional working capital through to March 31.
