Project Funding


Funding Schedules & Procedure

The schedules here below indicate the steps of procedure to be followed for different Client-chosen financial instruments to access funding i.e.

Sovereign Guarantee

Steps of Procedure

  • Client issues mandate to Stone-Bird Investments (SBI) – Download
  • Client signs NDNCA with SBI – Download
  • Client provides declaration of willingness to issue instruments – Download
  • Client provides CIS (Client Information Sheet) – Download
  • Client provide synopsis of Project(s)
  • Client provides draft of SG in full value for wording to be agreed by the Parties
  • SBI prepares submission to Investment Management Group (IMG)
  • On acceptance by IMG client conducts its due diligence on IMG
  • On satisfactory discovery by the Parties the contract as drawn by IMG is established
  • Client issues SG confirmed by MT760 through a top western bank designated by or acceptable to IMG
  • Client & SBI create a Special Purpose Vehicle (SPV) in which each hold an interest, through which the funds are managed
  • Release of funds commences approximately 6 (Six) weeks after process is concluded
NB: It is recorded that Stone-Bird Investments is not a financial advisor nor a financial services provider and in this instance fulfils only a broking, facilitation and consultant role.

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Bank Instruments

Bank Guarantee (BG)
Standby Letter of Credit (SLC)
Safe Keeping Receipt (SKR)
Cash on Deposit (COD)
Promissory Notes (PN)
Bonds

Steps of Procedure

  • Client issues mandate to Stone-Bird Investments (SBI) – Download
  • Client signs NDNCA with SBI – Download
  • Client provides declaration of willingness to issue instruments – Download
  • Client provides CIS (Client Information Sheet) – Download
  • Client completes schedules of Client Information Sheets (CIS)
  • Client provides synopsis of Project(s)
  • Client provides proof of funds from 20.0% of project(s) value but not less than USD 15.0million
  • SBI prepares submission to Investment Management Group (IMG)
  • On acceptance by IMG client conducts its due diligence on IMG
  • On satisfactory discovery by the Parties the contract as drawn by IMG is established
  • Client issues relevant instrument confirmed by MT760 through a top western bank designated by or acceptable to IMG
  • Client & SBI create a Special Purpose Vehicle (SPV) in which each hold an interest, through which funds are managed
  • Release of funds commences approximately 6 (Six) weeks after process is concluded
NB: It is recorded that Stone-Bird Investments is not a financial advisor nor a financial services provider and in this instance fulfils only a broking, facilitation and consultant role.

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Cash Provision

Steps of Procedure

  • Client issues mandate to Stone-Bird Investments (SBI) – Download
  • Client signs NDNCA with SBI – Download
  • Client provides CIS (Client Information Sheet) – Download
  • Client provides proof of funds in value from USD 10.0million up to USD 100.0million
  • Client completes schedules of Client Information Sheets (CIS)
  • Client provides synopsis of Project(s)
  • SBI prepares submission to Investment Management Group (IMG)
  • IMG contacts Client to permit Client to undertake its due diligence
  • On satisfactory discovery by the Parties the contract as drawn by IMG is established
  • Client places funds in its name under its control into a top western bank designated by or acceptable to the IMG
  • Client & SBI create a Special Purpose Vehicle (SPV) in which each hold an interest, through which all investment proceeds are dispersed
  • Release of funds commences approximately 6 (Six) weeks after process is concluded
NB: It is recorded that Stone-Bird Investments is not a financial advisor nor a financial services provider and in this instance fulfils only a broking, facilitation and consultant role.

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In-Ground and/or Above-Ground Assets

Steps of Procedure

  • Client issues mandate to Stone-Bird Investments (SBI) – Download
  • Client signs NDNCA with SBI – Download
  • Client provides CIS (Client Information Sheet) – Download
  • Client completes schedules of Client Information Sheets (CIS)
  • Client provides identification of asset with geological report where relevant
  • Client provides proof of ownership of the asset(s)
  • Client provides international assayers valuation of asset(s); minimum value USD 200.0million in-ground or USD 100.0million above-ground
  • Client provides synopsis of project(s)
  • SBI prepares submission to Investment Management Group (IMG)
  • On acceptance of proposal by IMG, Client conducts its due diligence on IMG
  • On satisfactory discovery by the Parties the contract as drawn by IMG is established
  • Client and SBI create a Special Purpose Vehicle in which each hold an interest, through which funds are managed
  • Release of funds commences approximately 6 (Six) weeks after process is concluded
NB: It is recorded that Stone-Bird Investments is not a financial advisor nor a financial services provider and in this instance fulfils only a broking, facilitation and consultant role.

Download PDF