Altyn Plc Financing Update
26 February 2018 - 6:09PM
UK Regulatory
TIDMALTN
Altyn Plc("Altyn" or the "Company")
Proposed $15m bond finance to accelerate production
The Company is pleased to announce that its subsidiary MC
Baurgold LLP has secured an underwriting agreement with JSC Freedom
Finance, a subsidiary of Freedom Holding Corp. to raise c. US$15m,
through the issue of five-year non-convertible tenge-denominated
bonds secured by the assets of the Company, with a coupon rate of
8% payable semi-annually in arrears.
The Company intends to use the proceeds of the bond issuance to
finance the purchase of underground equipment in line with the
Company's plans to significantly ramp up production. The Company
will update shareholders with further information as financing
progresses.
Aidar Assaubayev, CEO of Altyn Plc commented:
"This is an important point in the development of the Company.
Completion of the bond issuance will allow the Company to
accelerate the achievement of target production capacity levels,
transforming the Company into a significant gold producer in
Kazakhstan."
Further Information:
For further information please contact:
Altyn PlcRajinder Basra+44 (0) 207 932 2456
VSA Capital (Financial Adviser and Broker)Andrew Monk/Andrew
Raca+44 (0) 20 3005 5000
Blytheweigh (Financial PR)Tim Blythe/Camilla Horsfall +44 (0)
207 138 3204
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
Information on the Company
Altyn Plc (LSE:ALTN) is an exploration and development company,
which is listed on the standard segment of the London Stock
Exchange.
To read more about Altyn Plc please visit our website
www.altyn.uk
Freedom Holding Corp. is a US corporation providing
international brokerage, banking, and financial services to meet
the demands of a growing number of investors in Kazakhstan, Russia,
Ukraine, Kyrgyzstan and Cyprus that desire financial services
integration and greater access to the financial opportunities,
relative stability, and integrity of securities markets all over
the world.
View source version on businesswire.com:
http://www.businesswire.com/news/home/20180225005266/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
February 26, 2018 02:09 ET (07:09 GMT)
Altyngold (LSE:ALTN)
Historical Stock Chart
From Apr 2024 to May 2024
Altyngold (LSE:ALTN)
Historical Stock Chart
From May 2023 to May 2024