Brief: China Nonferrous Gold Signs $90 Mln Loan Facility With CNMC
05/03/2018 09:54
March 5 (Reuters) - China Nonferrous Gold Ltd CNGC.L :
* SIGNED FINANCING ARRANGEMENT WITH CNMC INTERNATIONAL
CAPITALS
FOR A TOTAL LOAN FACILITY OF US$90 MILLION
* CNMC LOAN IS VALID FOR 3 YEARS AND SHALL BE REPAYABLE ON 8
FEBRUARY 2020
* EXPECTS TO RECOMMENCE PRODUCTION DURING H1 2018, TO ENABLE
REPAYMENT OF EXISTING FACILITIES IT WILL REQUIRE A WIDER
REFINANCING
* DISCUSSIONS ARE ONGOING AND WITH SIGNING OF LOAN,
REMAINING
DISCUSSIONS EXPECTED TO BE CONCLUDED IN ADVANCE OF 31 DEC 2018
Source text for Eikon: ID:nBw90MMJKa
Further company coverage: CNGC.L
((Reuters.Briefs@thomsonreuters.com;))
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