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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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866.00    26.00 (3.10%)
Bid:
860.00
Ask:
870.00
Spread: 10.00 (1.163%)
Market Cap: £236.70m
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
7th Dec 201211:22 amBUSOffer Update
30th Nov 20123:55 pmBUSOffer Update
23rd Nov 20124:11 pmBUSOffer by African Resources
21st Nov 20123:14 pmRNSUpdate - Recommended Cash Only Partial Offer
19th Nov 20122:30 pmBUSHolding(s) in Company
19th Nov 20129:00 amBUSHolding(s) in Company
15th Nov 20125:30 pmBUSHolding(s) in Company
12th Nov 201212:06 pmRNSDirector's Shareholding
9th Nov 20124:56 pmRNSDirector's Shareholding
2nd Nov 201212:02 pmBUSOffer by African Resources
2nd Nov 20127:07 amRNSRecommended Cash Only Partial Offer
29th Oct 20127:30 amBUSChange of Adviser
24th Oct 20123:08 pmBUSUpdate
22nd Oct 20123:41 pmBUSDirector/PDMR Shareholding
11th Oct 20127:00 amBUSProduction update
28th Sep 20121:55 pmRNSDirector Dealing
14th Sep 20121:16 pmBUSHalf-yearly Report
13th Sep 20123:18 pmBUSUpdate
29th Aug 201211:14 amBUSUpdate
12th Jul 20127:00 amBUSProduction update and appointment of Director
29th Jun 20121:56 pmBUSResult of AGM
21st Jun 201210:46 amBUSUpdate on fines
14th Jun 20123:53 pmRNSUpdate on Dore Export
14th Jun 20123:49 pmRNSDrilling Update
6th Jun 201211:32 amBUSEBRD Loan Agreement
28th May 201210:28 amBUSFinal Results
15th May 20122:57 pmBUSDrilling Update
30th Apr 20128:00 amBUSTotal Voting Rights
25th Apr 201212:21 pmBUSPotential share fraud
25th Apr 201211:58 amBUSHolding(s) in Company
20th Apr 20127:00 amBUSProduction Update
11th Apr 201210:33 amBUSHolding(s) in Company
5th Apr 20126:13 pmBUSProgress Update
22nd Feb 201210:35 amBUSHolding(s) in Company
22nd Feb 20129:20 amBUSLoan Agreement
21st Feb 201211:53 amBUSDrilling Update
17th Feb 20121:52 pmBUSResult of EGM
1st Feb 20129:41 amBUSPlacing of Shares
27th Jan 20124:43 pmBUSEBRD approval
19th Jan 20127:00 amBUSDrilling Report
16th Jan 20121:38 pmBUSProduction Update
12th Jan 20123:34 pmBUSPotential investment by EBRD - Replacement
12th Jan 201211:51 amBUSPotential investment by EBRD
29th Dec 201110:44 amBUSFine for tailings dam leak
8th Nov 20117:00 amBUSCommencement of Underground Mining
7th Nov 20114:36 pmBUSProcess Plant Update
2nd Nov 20115:20 pmBUSProcess Plant Interruption
1st Nov 20115:53 pmBUSDirector/PDMR Shareholding - Replacement
1st Nov 20114:51 pmBUSDirector/PDMR Shareholding
17th Oct 20117:00 amBUSDrilling Update
12345678910

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