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Pin to quick picksChina Nonferr Regulatory News (CNG)

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Financial Update

29 Jun 2021 10:59

 

China Nonferrous Gold Limited 中国有色黄金有限公司

(“CNG” or the “Company”)

Financial Update

China Nonferrous Gold Limited 中国有色黄金有限公司 (AIM: CNG), the mineral exploration and mining company currently mining the Pakrut gold project in the Republic of Tajikistan, is pleased to provide the following update:

Repayment for part of loan with CNMC International Capitals Company Limited

The Company is pleased to announce it has repaid US$9.26 million (RMB¥60m) of its outstanding loan with CNMC International Capitals Company Limited (“CNMC International”) in accordance with its terms. It has been repaid from existing cash resources. The total outstanding loan facility with CNMC International was US$70 million (the “Loan”) and accordingly US$60.74 million of the Loan is now outstanding. As set out in the announcement, dated March 26 2021, repayment of this balance of US$60.74 million is due on or before the end of December 2022.

Summary of Current Financial Position

At the current time, loans drawn down by the Company amount to c. USD$319.5 million, this includes US$99.55m of banking facilities (unaudited).

For further information please visit the Company’s website (www.cnfgold.com) or contact:

China Nonferrous Gold Limited

Zhang Hui, Managing Director

Tel: +86 10 8442 6662

WH Ireland Limited (NOMAD & Broker)

Katy Mitchell, James Sinclair-Ford

Tel: +44 (0)207 220 1666

Blytheweigh (PR)

Tim Blythe, Camilla Horsfall

Tel: +44 (0)20 7138 3224

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210629005561/en/

Copyright Business Wire 2021

Date   Source Headline
6th May 20214:35 pmRNSPrice Monitoring Extension
30th Apr 20214:41 pmRNSSecond Price Monitoring Extn
30th Apr 20214:35 pmRNSPrice Monitoring Extension
21st Apr 202112:57 pmBUSExtension of Auditor appointment
26th Mar 20211:54 pmBUSExtension to Loan Agreement
8th Mar 20219:58 amBUSExecution of New Loan Agreement
2nd Mar 20211:22 pmBUSFinancial Update
25th Feb 20218:33 amBUSChange of Registered Office
22nd Jan 20217:17 amBUSExecution of New Loan Agreement
13th Jan 20214:41 pmRNSSecond Price Monitoring Extn
13th Jan 20214:36 pmRNSPrice Monitoring Extension
29th Dec 20207:00 amBUSResult of AGM
21st Dec 20204:40 pmRNSSecond Price Monitoring Extn
21st Dec 20204:35 pmRNSPrice Monitoring Extension
3rd Dec 20207:00 amBUSNotice of AGM
30th Sep 20209:51 amBUSInterim Results for the Six-Month Period Ended 30 June 2020
28th Sep 20202:28 pmBUSBoard Changes
11th Sep 20207:13 amBUSExtension of Procurement Agreement
5th Aug 20209:46 amBUSFinal Results for the Twelve Months Ended 31 December 2019
15th Jul 202010:47 amBUSExtension to Loan Agreement
3rd Jul 20204:28 pmBUSUpdate on Reporting Timetable - Replacement
29th Jun 202011:28 amBUSUpdate on Reporting Timetable
9th Apr 20204:36 pmBUSExecution of New Loan Agreement
24th Feb 20207:35 amBUS2019 Production Update
26th Sep 201912:07 pmRNSSecond Price Monitoring Extn
26th Sep 201912:02 pmRNSPrice Monitoring Extension
26th Sep 20197:33 amBUSInterim Results for the Six-Month Period Ended 30 June 2019
25th Sep 20195:36 pmBUSResult of AGM
29th Aug 201910:10 amBUSNotice of AGM
22nd Aug 20194:41 pmRNSSecond Price Monitoring Extn
22nd Aug 20194:36 pmRNSPrice Monitoring Extension
30th Jul 20197:51 amBUSBoard Changes
1st Jul 20197:00 amBUSExtension of CNMC Loans
1st Jul 20197:00 amBUSAnnual Report and Accounts
31st May 20197:43 amBUSChange of Nominated Advisor and Broker
21st Mar 20197:07 amBUSAppointment of CFO
29th Jan 20199:21 amBUSFinancial Update
22nd Nov 20187:45 amBUSResignation of Finance Director
16th Nov 201810:49 amBUSOperational Update
27th Sep 20187:00 amBUSInterim Results for the Six-Month Period Ended 30 June 2018
2nd Jul 201810:57 amBUSOperational Update
28th Jun 20189:45 amBUSAnnual Report and Accounts
20th Jun 20187:00 amBUSContract for the First-Stage Mining Project of the Pakrut Gold Mine
15th Jun 20187:52 amBUSConsultancy Contract for the Construction of Tailing Ponds
30th Apr 20187:23 amBUSOperational Update
5th Mar 20189:47 amBUSFinancial Update
2nd Mar 20181:11 pmBUSUpdate re Joint Broker
8th Feb 20187:00 amBUSExtension of Procurement Agreement
19th Dec 20177:03 amBUSBoard Changes
14th Dec 20177:00 amBUSExtension of Loan Agreement

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