River One Resources Announces a $500 Million Financing Term Sheet With a New York Based Funder

HONG KONG, Oct. 09, 2017 -- River One Resources Limited is pleased to announce that it has executed a $500 million prelisting financing term sheet with Milost Global Inc  (the "Investor"). The financing is expected to be comprised of $200 million in equity capital and $300 million in debt. Milost will also finance the total cost of the IPO for the company on the Nasdaq. The financing was arranged and facilitated by Palewater Advisory Asia Limited in Hong Kong.

The Chief Executive Officer of River One Resources Limited, Richard Li, stated, “The financing agreement with Milost Global does not only serve as a milestone for the development of the company, it also signifies the massive confidence Milost Global has demonstrated in us. The financing arrangement will be used to fund several strategic projects in the coming years. We believe our industry experience, operating track record, coupled with Milost’s international capabilities will lead to a sustainable rapid growth of the company.”

The Senior Partner & President of Milost Global Asia, Dr. Chin Yew Seah stated, “Milost Global has always placed its focus on the mining sector through our deals in Africa, but having the opportunity to work with one of the largest fluorite producers in Asia not only represent an exciting opportunity as China is already the largest consumer of this product and Mongolia will soon become the largest producer of fluorspar mining in the world. River One Resources is just one of the such companies that we want to partner with to grow in this sector. By providing the capital need for the expansion, they will become one of the world’s largest producers of finish fluorspar products, with a capacity in excess of 200,000 tons.”

About River One Resources Limited
Headquartered in Ulaanbaatar, River One Resources Limited principally engaged in fluorite-related mineral business. The company owns and develops one of the largest fluorspar mines in Dornod Province, Mongolia. To improve the overall utilization of the mine, in 2016, the company has started building a fluorite flotation plant in the area, which laid the roots for long-term sustainable development of the company. The Project is expected to be completed in 2H 2018. The plant, at its maximum production, can produce 200,000 tonnes of fluorite powder per year, making River One one of the very few mineral resources companies in Mongolia that possesses the capability to both mine and process fluorspar. Our future development plan includes acquisition of other fluorite mines in the area and establishment of the first fluorite chemical plant in Mongolia. We also have plans to expand the business to include other metals and minerals.

About Palewater Advisory Group Inc.
Palewater Advisory Group is a multinational corporate and public affairs advisory firm with headquarters in New York. We specialise in cross-border and M&A transactions, financing, public affairs, political campaign capital raising and strategy. Collectively as the team, we have had an excellent track record with more than 1000 references in our line of advisory work. We have a robust and yet solid network of contacts with specific focus on certain core industries, investment and banking communities. Our directors, leaders, professionals, and senior advisors collectively provide access to senior industrial, political, economic, government and financial decision makers throughout the world. We provide individual and personal advice and react swiftly to our clients’ needs, while always providing direct access to the team, including the partners involved. As a professional services firm, we provide the best possible advice based on confidentiality and total discretion. We are committed to the principles of integrity and client service, and operate free from any conflict of interest. www.palewateradvisory.com

About Milost Global Inc
Milost Global Inc is an American Private Equity firm that is headquartered in New York City, with more than $25 billion in committed capital. Milost is at the intersection of creative investing and value creation. Milost is also a provider of alternative capital, mezzanine finance, and alternative lending to a broad range of industries across the globe including Technology, Transport, Cannabis, Education, Distribution, Mining, Oil & Gas, Financial Services, Healthcare, Pharmaceuticals, Real Estate, Alternative Energy and Infrastructure Development. www.milostglobal.com

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