Moly Mines

US$150m Bridging Facility

October 2008

Moly Mines owns the Spinifex Ridge molybdenum project, one of the world’s largest undeveloped primary molybdenum deposits. Azure was retained as financial adviser to assist with raising funds for construction, with JPMorgan and Morgan Stanley appointed as joint lead managers and book runners of the proposed debt and equity issues.

Prior to raising the full financing package, Moly Mines made a decision to seek interim funds to enable pre-construction activities to continue. Several funds managed by the energy and infrastructure division of the US based pension fund manager, Trust Company of the West, subscribed for a package of loan notes and warrants comprising a total cash injection of US$150 million. The transaction completed in October 2008, at a time when debt and equity markets were experiencing significant turmoil.