CHINA NONFERROUS GOLD: Financial Update
29 Juin 2021 - 11:59AM
UK Regulatory
TIDMCNG
China Nonferrous Gold Limited
("CNG" or the "Company")
Financial Update
China Nonferrous Gold Limited (AIM: CNG), the mineral
exploration and mining company currently mining the Pakrut gold
project in the Republic of Tajikistan, is pleased to provide the
following update:
Repayment for part of loan with CNMC International Capitals
Company Limited
The Company is pleased to announce it has repaid US$9.26 million
(RMBYen60m) of its outstanding loan with CNMC International
Capitals Company Limited ("CNMC International") in accordance with
its terms. It has been repaid from existing cash resources. The
total outstanding loan facility with CNMC International was US$70
million (the "Loan") and accordingly US$60.74 million of the Loan
is now outstanding. As set out in the announcement, dated March 26
2021, repayment of this balance of US$60.74 million is due on or
before the end of December 2022.
Summary of Current Financial Position
At the current time, loans drawn down by the Company amount to
c. USD$319.5 million, this includes US$99.55m of banking facilities
(unaudited).
For further information please visit the Company's website
(www.cnfgold.com) or contact:
China Nonferrous Gold Limited
Zhang Hui, Managing Director
Tel: +86 10 8442 6662
WH Ireland Limited (NOMAD & Broker)
Katy Mitchell, James Sinclair-Ford
Tel: +44 (0)207 220 1666
Blytheweigh (PR)
Tim Blythe, Camilla Horsfall
Tel: +44 (0)20 7138 3224
The information contained within this announcement is deemed by
the Company to constitute inside information under the Market Abuse
Regulation (EU) No. 596/2014
View source version on businesswire.com:
https://www.businesswire.com/news/home/20210629005561/en/
CONTACT:
China Nonferrous Gold Limited
SOURCE: China Nonferrous Gold Limited
Copyright Business Wire 2021
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June 29, 2021 05:59 ET (09:59 GMT)
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