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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
19th Feb 200812:31 pmRNSUpdate Sekisovskoye Update
12th Feb 20081:52 pmRNSBoiler accident
1st Feb 20082:28 pmRNSDirector/PDMR Shareholding
24th Jan 20087:00 amRNSProject Update/ Board changes
19th Dec 20077:00 amRNSGold Production Commences
30th Nov 20077:00 amRNSOgnevka production commences
19th Nov 200712:03 pmRNSHolding(s) in Company
19th Nov 20079:07 amRNSAdmission of Placing Shares
19th Nov 20077:01 amRNSUpdate & Placing
8th Oct 200711:56 amRNSDirector Shareholding
28th Sep 200711:27 amRNSTotal Voting Rights
28th Sep 200711:26 amRNSDirector/PDMR Shareholding
17th Sep 20077:00 amRNSInterim Results
20th Aug 20079:17 amRNSAIM Rule 26
17th Jul 200710:15 amRNSAGM Statement
21st Jun 20073:00 pmRNSGrant of Options
5th Jun 20077:01 amRNSFinal Results
18th May 20071:36 pmRNSDirector Shareholding
16th May 20077:01 amRNSSekisovskoye Update
30th Apr 200712:18 pmRNSAdditional Listing
24th Apr 200712:44 pmRNSHolding(s) in Company
23rd Apr 200710:25 amRNSDirector/PDMR Shareholding
16th Apr 20077:01 amRNSRe proposed acquisition
2nd Apr 20078:00 amRNSDirectorate Change
14th Feb 20073:21 pmRNSHolding(s) in Company
14th Feb 200711:27 amRNSHolding(s) in Company
31st Jan 20077:01 amRNSTotal Voting Rights
29th Jan 20077:01 amRNSPlacing, Acquisition & Update
18th Dec 20062:20 pmRNSTotal Voting Rights
30th Nov 20067:01 amRNSProject Update
28th Sep 20062:06 pmRNSDirector Shareholding
27th Sep 20067:02 amRNSInterims; Resource update
17th Jul 200610:30 amRNSAGM Statement
22nd Jun 20067:01 amRNSFinal Results
26th Apr 20067:01 amRNSSekisovskoye permit received
23rd Mar 200610:49 amRNSHolding(s) in Company
10th Mar 20064:01 pmRNSHolding(s) in Company
2nd Mar 200612:24 pmRNSResult of EGM
8th Feb 20069:50 amRNSEquity Fundraising
24th Nov 20057:01 amRNSDrilling Results
4th Nov 200511:20 amRNSHolding(s) in Company
3rd Nov 200510:55 amRNSHolding(s) in Company
30th Sep 20057:00 amRNSInterim Results
22nd Jul 200510:15 amRNSAGM Statement
19th Jul 200511:14 amRNSDirector/PDMR Shareholding
14th Jul 200512:18 pmRNSDirector/PDMR Shareholding
29th Jun 20057:00 amRNSResource Statement
8th Jun 20052:07 pmRNSDirector Shareholding
7th Jun 20057:01 amRNSPreliminary Results
12th Apr 20053:23 pmRNSHolding(s) in Company
12345678910

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