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Good post james
Eco Atlantic is providing a shareholder loan of up to US$6m (the "Loan") for its 70% stake in Eco Atlantic Renewables. It is anticipated that the Loan will be repaid in full upon a monetisation of the solar PV assets, from future third party investment into Eco Atlantic Renewables or from future project cash flows. Eco will maintain its majority interest following repayment of the Loan
Did they get 17 million up front in that other deal
Would be ridiculous, if it was true.
23/06/2020 6:11pm
UK Regulatory (RNS & others)
TIDMPOG
RNS Number : 8534Q
Petropavlovsk PLC
23 June 2020
23 June 2020
Petropavlovsk PLC
Moscow Exchange Secondary Listing Approval and Admission to Trading
Further to the announcement dated 19 June 2020, regarding an application for a secondary listing on the Moscow Exchange ("MoEx"), Petropavlovsk PLC ("Petropavlovsk" or the "Company"), announces that MoEx has today approved the secondary listing of the Company's shares (ISIN: GB0031544546), with inclusion of the shares as part of the Level 1 List.
The first day of admission and trading under the ticker POGR is scheduled for 25 June 2020. Quotation and settlement of the Company's shares will be in local currency, the Russian Rouble.
The listing ceremony, which will include a 'ringing of the bell' by the Company's co-founder and CEO, Dr Pavel Maslovskiy, will commence at 07:45 BST and will be broadcast live in Russian on the Company's website, with the opportunity for interactive Q&A, via the following URL: https://www.petropavlovsk.net/investors/moex/.
The MoEx listing is complementary to Petropavlovsk's existing primary listing on the Main Market of the London Stock Exchange, where the Company's shares will continue to be admitted to trading. Shareholders are reminded that the Company will not be placing or issuing any new shares in connection with the secondary listing.
The secondary listing will allow the Company to benefit from investor base diversification, improved liquidity and increased brand visibility. In addition, the Company may be eligible for inclusion as part of the MoEx Russia Index (formerly known as MICEX) and the RTS Index, subject to criteria being met at the next applicable assessment date.
Renaissance Capital advised the Company in connection with the MoEx secondary listing and will act as the designated market maker for Petropavlovsk shares once trading begins.
About Petropavlovsk PLC
Petropavlovsk PLC (LSE: POG) is a major integrated Russian gold producer with JORC Resources of 21.03Moz Au which include Reserves of 8.46Moz Au. Following its IPO on the Alternative Investment Market (AIM) in 2002, Petropavlovsk was promoted to the London Stock Exchange in 2009, where today it is a Premium Listed company and a constituent of the FTSE 250, FTSE 350 and FTSE All Share indices.
The Company's key operating mines (Pioneer, Malomir and Albyn) are in the Amur Region in the Russian Far East. Petropavlovsk has produced a total of c.7.8Moz of gold since operations began in 1994 and has a strong track record of mine development, expansion and asset optimisation.
The Group recently entered a new era of growth following the successful commissioning and start-up of its flagship asset, the Pressure Oxidation (POX) Hub at Pokrovskiy, which enables the processing of the Company's abundant refractory reserves and resources.
Petropavlovsk is one of the region's largest employers and one of th
Follow the money
Chart looks good