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.
Now BOG OFF troll..... 6 per cent interest to recover multiples of the loan value in pure gold.... hmmmmmm....
IMO they will want to separate the news now, the deeps should get their own news flow separate from the monthly numbers, until of course they are flowing