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ALTN Altyngold Plc

144.00
-1.00 (-0.69%)
Last Updated: 14:05:55
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Altyngold Plc LSE:ALTN London Ordinary Share GB00BMH19X50 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00 -0.69% 144.00 140.00 144.00 148.00 143.00 143.00 28,870 14:05:55
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 62.04M 13.23M 0.4841 3.06 39.63M

EBRD approval

27/01/2012 4:43pm

UK Regulatory


Altyngold (LSE:ALTN)
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Hambledon Mining plc ("Hambledon" or the "Company")

 

Potential investment by EBRD

 

27 January 2012

 

Further to the announcement made on 12 January 2012, Hambledon is pleased to announce that the European Bank for Reconstruction and Development ("EBRD") has advised the Company that final approval has been granted today by EBRD's operations committee for its potential US$15 million loan and equity investment of US$3 million for Hambledon to develop the Sekisovskoye underground mining operation. Final approval is subject to approval by EBRD's Board of directors who will meet in February 2012.

 

The EBRD Project Summary Document is set out on its website and can be accessed through the following link: http://www.ebrd.com/pages/project/psd/2012/42831.shtml. This web link will be updated by EBRD on 30 January 2012 to reflect the approval by the operations committee.

 

Tim Daffern, CEO of Hambledon commented:

 

"The Board of Hambledon is excited about the growth of the Company which will be enhanced by having the backing of a lender and investor of the stature of EBRD".

 

Enquiries;

 

HAMBLEDON MINING: Telephone +44 (0)207 233 1462Charles Zorab

 

FAIRFAX I.S. PLC (NOMAD AND BROKER): Telephone +44 (0)207 598 5368Ewan Leggat/Katy Birkin

 

TAVISTOCK COMMUNICATIONS: Telephone +44 (0)207 920 3150Ed Portman/Jos Simson

 
 
 
 

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