REG-Altyn Plc Financing Update <Origin Href="QuoteRef">ALTNA.L</Origin>

AltyngoldAnnouncement

26/02/2018 07:10

      Financing Update    
    
      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 Companys 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 Plc
Rajinder 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/
      Altyn Plc