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  2. Share Prices
  3. Altyngold Share Price
  4. Altyngold Share Regulatory News
  5. Funding Update

Pin to quick picksAltyngold Regulatory News (ALTN)

Altyngold Information

Share Price Information for Altyngold (ALTN)

Share Price is delayed by 15 minutes
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926.00    16.00 (1.76%)
Bid:
924.00
Ask:
940.00
Spread: 16.00 (1.732%)
Market Cap: £253.10m
ALTN Live PriceLast checked at - London Stock Exchange

Intraday Altyngold Share Chart

Funding Update

19 Mar 2019 14:37

19 March 2019

Altyn Plc

("Altyn" or the "Company")

Funding update

Since the last funding update the management have been working to obtain the necessary funds to provide the investment capital to increase production. After conducting detailed and lengthy due diligence and exploring a number of possibilities either, the timing, terms of the repayments or other factors resulted in the funds ultimately not being taken up.

The Company is pleased to announce that it has now reached an agreement with Kazakh bank, JSC “Bank CenterCredit” (BCC), and as a first step has entered into an unsecured loan agreement for a sum of KZT 350m (approximately USD 950,000) to Altyn’s subsidiary company “Altyn MM LLP” that owns and operates the processing plant at the Sekisovskoye gold deposit.

The Company is in advanced talks with BCC for the provision of a larger amount of funding. Shareholders will be updated as negotiations progress.

In the meantime, Altyn’s major shareholder, African Resources Limited, has committed to provide an additional 400m KZT (USD 1.1m) unsecured loan towards the acquisition of underground mining machinery. The Company is pleased with African Resources Limited’s continued support for the Company with the aim of boosting production further.

Further Information:

For further information please contact:

Altyn Plc

Rajinder Basra

+44 (0) 207 932 2456

VSA Capital Limited

Andrew Monk/Andrew Raca +44 (0) 20 3005 5000

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

Information on the Company

Altyn Plc (LSE:ALTN) is a gold-mining exploration and development company, which is listed on the main board, standard segment of the London Stock Exchange.

To read more about Altyn Plc please visit our website www.altyn.uk

View source version on businesswire.com: https://www.businesswire.com/news/home/20190319005601/en/

Copyright Business Wire 2019

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Date   Source Headline
9th Dec 201912:07 pmRNSSecond Price Monitoring Extn
9th Dec 201912:02 pmRNSPrice Monitoring Extension
4th Dec 20193:24 pmBUSFunding Update
19th Nov 20194:41 pmRNSSecond Price Monitoring Extn
19th Nov 20194:36 pmRNSPrice Monitoring Extension
29th Oct 201911:15 amBUSIssue of new shares - Replacement
28th Oct 20197:00 amBUSIssue of new shares
15th Oct 20197:00 amBUSCPR Results Teren-Sai (Area #2)
8th Oct 20197:00 amBUSCPR Results (Sekisovskoye)
11th Sep 20197:00 amBUSFunding update
6th Sep 20197:00 amBUSAltyn Plc: Updated Website
2nd Sep 20197:00 amBUSHalf-year Report
11th Jul 20197:00 amBUSUnderground machinery delivery
9th Jul 201912:54 pmBUSResignation of Director
28th Jun 20193:42 pmBUSAGM Statement
1st May 20197:00 amBUSFinal Results
19th Mar 20192:37 pmBUSFunding Update
11th Mar 201912:07 pmRNSSecond Price Monitoring Extn
11th Mar 201912:02 pmRNSPrice Monitoring Extension
24th Dec 201812:40 pmRNSSecond Price Monitoring Extn
24th Dec 201812:35 pmRNSPrice Monitoring Extension
14th Sep 20181:14 pmBUSNotification of Transaction by Person Discharging Managerial Responsibilities (“PDMR”)
9th Aug 20184:40 pmRNSSecond Price Monitoring Extn
9th Aug 20184:35 pmRNSPrice Monitoring Extension
2nd Jul 201812:40 pmBUSAGM Statement
30th Apr 20184:25 pmBUSFinal Results
26th Feb 20187:09 amBUSFinancing Update
23rd Jan 20184:39 pmRNSTR-1
23rd Jan 20189:00 amRNSPartial conversion of African Resources Limited
17th Jan 201810:10 amRNSChange in substantial shareholdings
17th Jan 201810:10 amRNSTR-1
17th Jan 201810:10 amRNSTR-1
16th Jan 20187:00 amRNSMine development and production update
29th Dec 201710:12 amRNSChanges to the Board
27th Nov 20177:00 amRNSFinal repayment of EBRD loan
22nd Nov 20171:14 pmRNSChanges to the Board
15th Nov 201711:52 amRNSAltyn transparency disclosure 2016
12th Oct 20174:35 pmRNSPrice Monitoring Extension
31st Aug 20175:17 pmRNSInterim report
28th Jun 20172:55 pmRNSResult of AGM
10th May 20174:40 pmRNSSecond Price Monitoring Extn
10th May 20174:35 pmRNSPrice Monitoring Extension
28th Apr 20174:43 pmRNSResults for the year ended 31 December 2016
19th Apr 20177:00 amRNSOperational Update for Q1 2017
10th Apr 20174:35 pmRNSPrice Monitoring Extension
3rd Apr 20172:16 pmRNSReplacement Operational Update for FY 2016
3rd Apr 20177:00 amRNSOperational Update for FY 2016
1st Feb 20177:00 amBUSDirectorate change
20th Dec 20162:42 pmBUSChange of Name
8th Dec 20163:15 pmBUSClarification of All In Sustaining Cost estimate -Sekisovskoye underground mine development
12345678910

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