EBRD approval
January 27 2012 - 10:43AM
UK Regulatory
TIDMHMB
Hambledon Mining plc ("Hambledon" or the "Company")
Potential investment by EBRD
27 January 2012
Further to the announcement made on 12 January 2012, Hambledon
is pleased to announce that the European Bank for Reconstruction
and Development ("EBRD") has advised the Company that final
approval has been granted today by EBRD's operations committee for
its potential US$15 million loan and equity investment of US$3
million for Hambledon to develop the Sekisovskoye underground
mining operation. Final approval is subject to approval by EBRD's
Board of directors who will meet in February 2012.
The EBRD Project Summary Document is set out on its website and
can be accessed through the following link:
http://www.ebrd.com/pages/project/psd/2012/42831.shtml. This web
link will be updated by EBRD on 30 January 2012 to reflect the
approval by the operations committee.
Tim Daffern, CEO of Hambledon commented:
"The Board of Hambledon is excited about the growth of the
Company which will be enhanced by having the backing of a lender
and investor of the stature of EBRD".
Enquiries;
HAMBLEDON MINING: Telephone +44 (0)207 233 1462Charles Zorab
FAIRFAX I.S. PLC (NOMAD AND BROKER): Telephone +44 (0)207 598
5368Ewan Leggat/Katy Birkin
TAVISTOCK COMMUNICATIONS: Telephone +44 (0)207 920 3150Ed
Portman/Jos Simson
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