CHINA NONFERROUS GOLD: Financial Update

TIDMCNG 
 
 

China Nonferrous Gold Limited

("CNG" or the "Company")

Financial Update

China Nonferrous Gold Limited (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 (RMBYen60m) 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) or contact:

China Nonferrous Gold Limited

Zhang Hui, Managing Director

Tel: [phone]

WH Ireland Limited (NOMAD & Broker)

Katy Mitchell, James Sinclair-Ford

Tel: [phone]

Blytheweigh (PR)

Tim Blythe, Camilla Horsfall

Tel: [phone]

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/20210629005561/en/

 
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China Nonferrous Gold Limited

 
    SOURCE: China Nonferrous Gold Limited 
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(END) Dow Jones Newswires

June 29, 2021 05:59 ET (09:59 GMT)