We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| China Nonferrous Gold Limited | LSE:CNG | London | Ordinary Share | KYG215771042 | ORD USD0.0001 (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.30 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | 68.53M | -287.04M | -0.7507 | -0.02 | 4.97M |
From Apr 2019 to Apr 2024
TIDMCNG
24 November 2017
China Nonferrous Gold Limited ??????????
("CNG" or the "Company")
Extension of Loan Agreement with CNMC
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 financial update.
Extension of the Loan Agreement with CNMC
As announced on 29 September 2017 in the interim results for the Six-Month Period Ended 30 June 2017, the loan facility of USD$20 million ("CNMC Loan") is repayable on 26 November 2017.
The Company has signed a supplementary agreement with CNMC, an associate of China Nonferrous Metals International Mining Co., Ltd ("CNMIM"), the Company's 38.36% shareholder, for the extension of the CNMC Loan by one year to be repayable on 26 November 2018, with all other terms remaining unchanged.
The Company continues to engage in discussions regarding a wider refinancing of the business. As noted in the Company's interim results for the Six-Month Period Ended 30 June 2017, a refinancing is required in the near-term to repay the short term financing announced on 29 September 2017 which is due in December 2017 and January 2018.
Related Party Transaction
As CNMC is an associate of CNMIM, a substantial shareholder in the Company, and pursuant to AIM Rule 13, the extension of the CNMC Loan is deemed to be a related party transaction. The Company's board of directors (excluding Wu Xiang, Yu Lixian and Zhang Hao, who are appointees of CNMIM) considers, having consulted with CNG's Nominated Adviser, Investec Bank plc, that the terms of the extension of the CNMC Loan are fair and reasonable insofar as the shareholders of CNG are concerned.
For further information please visit the Company's website (www.cnfgold.com) or contact:
China Nonferrous Gold Limited
Yu Lixian, Managing Director
Tel: +86 10 8442 6681
Investec Bank Plc
Jeremy Ellis, George Price
Tel: +44 (0)20 7597 4000
Beaufort Securities Limited
Jon Belliss
Tel: +44 (0)20 7382 8300
Blytheweigh
Tim Blythe, Camilla Horsfall
Tel: +44 (0)20 7138 3224
LEI: 213800N6OF4LUDO7WD52
2.2. Inside information
View source version on businesswire.com: http://www.businesswire.com/news/home/20171123005304/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
November 24, 2017 02:12 ET (07:12 GMT)
1 Year China Nonferrous Gold Chart |
1 Month China Nonferrous Gold Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
