Share Name Share Symbol Market Type Share ISIN Share Description
Altyn Plc LSE:ALTN London Ordinary Share GB00B015PT76 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.6925p 0.655p 0.73p - - - 2,305,190 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 15.2 -3.1 -0.1 - 16

Altyn Plc Funding update

11/09/2019 7:00am

UK Regulatory (RNS & others)


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Altyn Plc

 

("Altyn" or the "Company")

 

Funding update

 

Altyn plc (the Company) is pleased to announce that its application for a loan of US$17m (6.5bln Tenge) from Kazakh Bank JSC "Bank Center Credit" (BCC) has been approved by the bank's credit committee.

 

The loan is repayable in instalments over a term of seven years and bears interest at 6%.

 

The loan will be used to ramp up production at Sekisovskoye and to achieve the Company's current development plans.

 

The Company will update shareholders as plans progress.

 

Altyn's CEO Aidar Assaubayev commented:

 

"The aim has always been to obtain the necessary finance at terms that are competitive and in the best interest of shareholders. After exploring a number of opportunities and an extensive due diligence period we are very pleased to update our shareholders on the funding received. This funding will, I am confident, provide a springboard for future growth. "

 

Further Information:

 

For further information please contact:

 

Altyn PlcRajinder Basra+44 (0) 207 932 2456

 

VSA Capital LimitedAndrew Monk/Andrew Raca +44 (0) 20 3005 5000

 

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

 

Information on the Company

 

Altyn Plc (LSE:ALTN) is an exploration and development company, which is listed on the standard segment of the London Stock Exchange.

 

To read more about Altyn Plc please visit our website www.altyn.uk

 
 

View source version on businesswire.com: https://www.businesswire.com/news/home/20190910005851/en/

 
This information is provided by Business Wire 
 
 

(END) Dow Jones Newswires

September 11, 2019 02:00 ET (06:00 GMT)

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