Brief: China Nonferrous Gold Gets Notice From One Of Its Creditors, CNMC Trade Company Limited

China Nonferrous Gold

07/09/2023 17:21

Sept 7 (Reuters) - China Nonferrous Gold Ltd  CNGC.L :
    * CHINA NONFERROUS GOLD - GETS NOTICE FROM ONE OF ITS
CREDITORS,
CNMC TRADE COMPANY LIMITED
    * CHINA NONFERROUS GOLD - GETS NOTICE THAT LOAN OF US$65M
THAT
CNMC TRADE PROVIDED CNG ON 6 JUNE, WHICH IS NOW DUE FOR RENEWAL,
WILL NOT BE EXTENDED
    * CHINA NONFERROUS GOLD LTD - CALL FOR REPAYMENT OF LOAN
DOES NOT
IMPACT UNDERLYING OPERATIONS AT PAKRUT MINE, WHICH WILL CONTINUE
AS NORMAL
    * CHINA NONFERROUS GOLD LTD - COMPANY'S ABILITY TO CONTINUE
AS A
GOING CONCERN IS RELIANT ON CONTINUED FORBEARANCE OF CNMC TRADE
    * CHINA NONFERROUS GOLD LTD - DIRECTORS OF COMPANY WILL WORK
WITH
CNMC TRADE TO CONSIDER THEIR OPTIONS

Source text for Eikon:  ID:nBw5CJ3wda 
Further company coverage:  CNGC.L 

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