Brief: China Nonferrous Gold Cnmc International Capitals Co Informed That Loan It Had Provided To CNG Of $60.74M Dated 12 July 2023 Will Not Be Extended

China Nonferrous Gold

20/12/2023 14:30

Dec 20 (Reuters) - China Nonferrous Gold Ltd  CNGC.L :
    * CHINA NONFERROUS GOLD: CNMC INTERNATIONAL CAPITALS CO
INFORMED
THAT LOAN IT HAD PROVIDED TO CNG OF $60.74M DATED 12 JULY 2023
WILL NOT BE EXTENDED
    * CHINA NONFERROUS GOLD LTD - CNMC INTERNATIONAL DEMANDED
CNG
REPAY NEW OUTSTANDING LOAN ON TIME AND WITHOUT DELAY
    * CHINA NONFERROUS GOLD LTD - CNMC INTERNATIONAL HAS
CONFIRMED IT
DOES NOT INTEND TO PROVIDE ANY EXTENSION TO TIMETABLE
    * CHINA NONFERROUS GOLD LTD: CO DOES NOT HAVE SUFFICIENT
CASH
AVAILABLE TO PAY AMOUNTS REQUESTED
    * CHINA NONFERROUS GOLD LTD: DIRECTORS DO NOT BELIEVE CNG
HAS
ABILITY TO SOURCE ADDITIONAL FUNDS IN TIME FRAME SET OUT BY
DEMAND

Source text for Eikon:  ID:nBw5lH8KCa 
Further company coverage:  CNGC.L 

 ((Reuters.Briefs@thomsonreuters.com;))