REG-China Nonferrous Gold Limited Financial Update

China Nonferrous GoldAnnouncement

29/06/2021 11:00

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Financial Update

 

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

(“CNG” or the “Company”)

Financial Update

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:

Repayment for part of loan with CNMC International Capitals Company Limited

The Company is pleased to announce it has repaid US$9.26 million (RMB¥60m) of
its outstanding loan with CNMC International Capitals Company Limited (“CNMC
International”) in accordance with its terms. It has been repaid from
existing cash resources. The total outstanding loan facility with CNMC
International was US$70 million (the “Loan”) and accordingly US$60.74
million of the Loan is now outstanding. As set out in the announcement, dated
March 26 2021, repayment of this balance of US$60.74 million is due on or
before the end of December 2022.

Summary of Current Financial Position

At the current time, loans drawn down by the Company amount to c. USD$319.5
million, this includes US$99.55m of banking facilities (unaudited).

For further information please visit the Company’s website (www.cnfgold.com
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.cnfgold.com&esheet=52452711&newsitemid=20210629005561&lan=en-US&anchor=www.cnfgold.com&index=1&md5=8fbf35abcefbce9e7e38260dcc809fc0)
) 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, Camilla Horsfall

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



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China Nonferrous Gold Limited


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