Get Level 2

If you would like to learn more about future focusIR related events and roundtables, please submit your details here

Less Ads, More Data, More Tools Register for FREE
REMOVE ADS
REMOVE ADS

Latest Share Chat

  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
Get Live Data
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

12345678910
Date   Source Headline
12th Oct 20117:00 amBUSProduction Update
11th Oct 201112:32 pmBUSHolding(s) in Company
27th Sep 20119:30 amBUSHalf-yearly Report
15th Sep 201111:31 amBUSAcquisition
31st Aug 20112:34 pmBUSDrilling Update
2nd Aug 20119:17 amRNSAppointment of Non-executive Director
29th Jul 20114:27 pmRNSGrant of Options
11th Jul 20118:05 amBUSProduction Update
19th May 20117:00 amBUSDrilling Update
4th May 20117:00 amBUSFinal Results
12th Apr 20117:00 amBUSActivities Report
6th Apr 20114:59 pmBUSHolding(s) in Company
30th Mar 201111:20 amBUSResult of EGM
30th Mar 20117:00 amBUSDrill Results
14th Mar 20117:00 amBUSProposed Firm Placing and Open Offer and Notice of General Meeting
11th Mar 201110:32 amBUSStatement Regarding Press Speculation
3rd Mar 20119:30 amBUSChange of Adviser
22nd Feb 20117:00 amBUSUnderground Capital Costs
8th Feb 20117:00 amBUSUnderground Mine Development
10th Jan 201110:33 amBUSProduction Update
10th Jan 20117:00 amBUSProduction Update
15th Dec 20105:57 pmBUSHolding(s) in Company
13th Dec 201012:37 pmBUSHolding(s) in Company
10th Dec 201012:46 pmBUSHolding(s) in Company
10th Dec 201012:24 pmBUSHolding(s) in Company
1st Dec 20102:17 pmBUSHolding(s) in Company - Replacement
10th Nov 201012:33 pmBUSHolding(s) in Company
8th Nov 20105:39 pmBUSIssue of options
5th Nov 201012:11 pmBUSDirector/PDMR Shareholding
2nd Nov 20109:29 amBUSDirectorate Change
13th Oct 20101:06 pmBUSHolding(s) in Company
13th Oct 201011:47 amBUSHolding(s) in Company
12th Oct 20108:30 amBUSProduction Update
5th Oct 201012:38 pmBUSHolding(s) in Company
22nd Sep 20109:00 amBUSHolding(s) in Company
21st Sep 20107:00 amBUSHalf-yearly Report
17th Sep 20107:10 amBUSDirectorate Change
9th Aug 201012:29 pmBUSHolding(s) in Company
8th Jul 20107:00 amBUSProduction Update
6th Jul 201012:29 pmBUSHolding(s) in Company
23rd Jun 201012:11 pmBUSResult of AGM
23rd Jun 20107:43 amBUSAGM Statement
25th May 20101:03 pmBUSNotice of AGM
19th May 20107:00 amBUSPurchase of Ore
12th May 20107:00 amBUSFinal Results
7th May 201012:11 pmBUSHolding(s) in Company
14th Apr 20108:07 amBUSProduction Update
29th Mar 20104:35 pmRNSHolding(s) in Company
9th Mar 20107:00 amBUSHolding(s) in Company
11th Feb 201011:13 amBUSUpdate
12345678910

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Recently viewed
DNLM
Dunelm
LSE
0.69%
SOM
Somero
LSE
0.27%
AVAP
Avation
LSE
2.62%
ADT
ADT.L
LSE
0.00%
MTE
Montanaro
LSE
1.40%
Trending
GGP
Greatland Resources
LSE
0.92%
LLOY
Lloyds
LSE
0.35%
MAC
Marechale Cap.
LSE
0.00%
BTC
London Btc
LSE
0.00%
EZJ
easyJet
LSE
0.04%