REG-China Nonferrous Gold Limited Execution of New Loan Agreement

China Nonferrous GoldAnnouncement

08/03/2021 10:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210308:nBw1TNt7Ka&default-theme=true


Execution of New Loan Agreement

 

China Nonferrous Gold Limited 中国有色黄金有限公司

("CNG" or the "Company")

Execution of New Loan Agreement

China Nonferrous Gold Limited 中国有色黄金有限公司 (AIM: CNG), the
mineral exploration and mining company currently mining the Pakrut gold
project in the Republic of Tajikistan, is pleased to provide the following
update:

Second Drandown of Banking Facility from China CITIC Bank Corporation
Limited（Zhuhai Branch）

The Company has today completed a second drawdown of a banking facility from
China CITIC Bank Corporation Limited (Zhuhai Branch) (“CITIC”). The
details of this banking facility are set out in the announcement dated 22
January 2021. The total amount drawn down in this second draw down is
US$14.55m (total amount now drawn down under this facility is US$34.55m). The
funds from this drawdown will be used to repay the China Construction Bank
(Asia) Corporation Limited loan of US $14.55m which is due for repayment in
March 2021.

Summary of Current Financial Position

At the current time, loans drawn down by the Company amount to c. USD$328
million, this includes US$99.55m of banking facilities (unaudited).

For further information please visit the Company’s website (www.cnfgold.com)
or contact:

China Nonferrous Gold Limited

Zhang Hui, Managing Director

Tel: +86 10 8442 6662

WH Ireland Limited (NOMAD & Broker)

Katy Mitchell (mailto:Katy.Mitchell@whirelandcb.com) , James Sinclair-Ford

Tel: +44 (0)207 220 1666

Blytheweigh (PR)

Tim Blythe

Tel: +44 (0)20 7138 3224

The information contained within this announcement is deemed by the Company to
constitute inside information under the Market Abuse Regulation (EU) No.
596/2014



View source version on businesswire.com:
https://www.businesswire.com/news/home/20210308005341/en/
(https://www.businesswire.com/news/home/20210308005341/en/)

China Nonferrous Gold Limited


Copyright Business Wire 2021