03:29 PM EST - Moly Mines Limited : announced the signing of a Memorandum of Understanding (MOU) with China Development Bank Corporation (CDB) that establishes a Strategic Alliance between the companies for the financing of new mining projects identified and introduced by Moly Mines. Under the Strategic Alliance, CDB will consider providing financial support (including loans) for projects on terms with a similar commercial effect to CDB as those set out in the existing $454 million U.S. Syndicated Facility Agreement (SFA) for the Spinifex Ridge Molybdenum / Copper Project. Moly Mines Limited
shares T.MOL are trading down $0.04 at $0.30.
