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Anglo Asian Mining CEO Extends Loan Facility

Mon, 11th Jan 2016 16:23

LONDON (Alliance News) - Anglo Asian Mining PLC on Monday said Chief Executive Reza Vaziri has agreed to extend his loan facility to the company.

The loan facility is for USD4.0 million with a term until January 8, 2016. The amount currently outstanding is USD3.9 million and the extension of the term of the loan is currently being renegotiated.

Anglo Asian added that it had a net debt of USD49.1 million at December 31, 2015, a decrease of USD3.9 million since December 31, 2014.

Shares in Anglo Asian were trading down 9.3% at 5.10 pence late on Monday.

By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews

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