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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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872.00    -32.00 (-3.54%)
Bid:
864.00
Ask:
878.00
Spread: 14.00 (1.62%)
Market Cap: £238.34m
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
14th Jan 20107:30 amBUSProduction Update
12th Jan 201011:41 amBUSHolding(s) in Company
23rd Dec 20094:14 pmRNSDirector/PDMR Shareholding
14th Dec 200912:45 pmBUSDirector/PDMR Shareholding
9th Oct 20098:11 amBUSProduction Update
30th Sep 20095:26 pmBUSHolding(s) in Company
23rd Sep 20097:00 amBUSIssue of Equity
18th Sep 20095:35 pmBUSHolding(s) in Company
17th Sep 20097:00 amBUSHalf-yearly Report
10th Sep 20094:06 pmBUSHolding(s) in Company
20th Jul 200910:38 amBUSAGM Statement
14th Jul 200910:15 amBUSProduction Update
9th Jul 200911:50 amRNSHolding(s) in Company
19th Jun 200912:30 pmBUSAnnual Financial Report
9th Jun 20097:00 amBUSProduction Update
9th Jun 20097:00 amBUSFinal Results
15th Apr 20099:23 amBUSProduction Update
11th Mar 200911:49 amBUSDirector/PDMR Shareholding
11th Mar 20097:00 amBUSMine Equipment Update
23rd Feb 20093:58 pmBUSHolding(s) in Company
14th Jan 200910:05 amBUSProduction Update
15th Dec 200811:23 amRNSHolding(s) in Company
9th Dec 20084:52 pmBUSHolding(s) in Company
18th Nov 200812:18 pmBUSVAT Refund
14th Nov 200811:34 amRNSDirector/PDMR Shareholding
12th Nov 200811:50 amRNSHolding(s) in Company
7th Nov 200812:42 pmRNSDirector/PDMR Shareholding
30th Oct 20087:05 amRNSHolding(s) in Company
27th Oct 20084:02 pmRNSHolding(s) in Company
9th Oct 20089:00 amRNSProduction Update
29th Sep 20087:00 amRNSGrant of Options to Directors
18th Sep 20087:00 amRNSInterim Results
28th Aug 200812:43 pmRNSHolding(s) in Company
11th Aug 20087:01 amRNSProduction Update
11th Aug 20087:00 amRNSChange of Adviser
22nd Jul 20083:47 pmRNSResult of AGM
17th Jul 20089:17 amRNSHolding(s) in Company
9th Jul 20084:42 pmRNSHolding(s) in Company - Amend
7th Jul 200812:00 pmRNSDirector Shareholding
7th Jul 200811:41 amRNSTotal Voting Rights
7th Jul 20087:00 amRNSOperations Update
7th Jul 20087:00 amRNSOperations Update
4th Jul 20084:33 pmRNSHolding(s) in Company
4th Jul 20084:29 pmRNSHolding(s) in Company
9th Jun 20087:00 amRNSFinal Results
21st May 200812:15 pmRNSIssue of Equity
12th May 20086:00 amRNSOperational Update
1st May 200812:00 pmRNSSeki Fully Operational
23rd Apr 20087:00 amRNSSeki Resumes Production
10th Mar 20087:02 amRNSSekisovskoye Update
12345678910

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