REG-AltynGold Plc Funding updtate

AltyngoldAnnouncement

25/07/2022 07:00

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Funding updtate

 

AltynGold Plc

("AltynGold" or the "Company")

Funding update

AltynGold plc (the Company) is pleased to announce that its application for an
additional credit line for an amount of US$40m from Kazakh Bank JSC “Bank
Center Credit” (BCC) has been approved by the bank’s credit committee.

The loan is repayable in instalments over a term of six and a half years and
bears interest at 6%.

The loan will be used to expand the capacity of the processing plant to 1mtpa
in anticipation of the expected increase in mining production at Sekisovskoye.

The signing of the loan agreement will be carried out after passing the
necessary internal procedures of the Bank. The Company will update
shareholders as plans progress.

Altyn’s CEO Aidar Assaubayev commented:

“The goal was to obtain the necessary financing at competitive terms and in
the best interest of shareholders. After exploring a number of opportunities
and an extensive due diligence period we are very pleased to update our
shareholders on the funding approval. The proceeds will accelerate our growth
strategy by expanding production and processing capacity towards our midterm
target of 1mtpa. Timely execution of this ambitious plan should set the stage
for a sustainable dividend policy.”

Further Information:

For further information please contact:

AltynGold Plc

info@altyn.uk (mailto:info@altyn.uk)

Rajinder Basra

+44 (0) 203 432 3198

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

AltynGold Plc (LSE:ALTN) is an exploration and development company, which is
listed on the main segment of the London Stock Exchange.

To read more about AltynGold Plc please visit our website www.altyngold.uk
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.altyngold.uk%2F&esheet=52788814&newsitemid=20220724005006&lan=en-US&anchor=www.altyngold.uk&index=1&md5=b6fc46cbc6fd5fe53841cd19634cedb1)



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AltynGold Plc


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