CHINA NONFERROUS GOLD: Execution of New Loan Agreement
March 08 2021 - 3:58AM
UK Regulatory
TIDMCNG
China Nonferrous Gold Limited
("CNG" or the "Company")
Execution of New Loan Agreement
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:
Second Drandown of Banking Facility from China CITIC Bank
Corporation Limited Zhuhai Branch
The Company has today completed a second drawdown of a banking
facility from China CITIC Bank Corporation Limited (Zhuhai Branch)
("CITIC"). The details of this banking facility are set out in the
announcement dated 22 January 2021. The total amount drawn down in
this second draw down is US$14.55m (total amount now drawn down
under this facility is US$34.55m). The funds from this drawdown
will be used to repay the China Construction Bank (Asia)
Corporation Limited loan of US $14.55m which is due for repayment
in March 2021.
Summary of Current Financial Position
At the current time, loans drawn down by the Company amount to
c. USD$328 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
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/20210308005341/en/
CONTACT:
China Nonferrous Gold Limited
SOURCE: China Nonferrous Gold Limited
Copyright Business Wire 2021
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