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  5. First drawdown of US$18 million Asacha loan

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First drawdown of US$18 million Asacha loan

15 Nov 2010 07:00

RNS Number : 1243W
Trans-Siberian Gold PLC
15 November 2010
 

 

 

 

Trans-Siberian Gold plc

 

First drawdown of new US$18 million Asacha loan facility

 

 

London: 15 November 2010 - Trans-Siberian Gold plc ("TSG" or "the Company") (TSG.L) reported on 1 November 2010 that an agreement had been signed with the Russian bank Sberbank for an additional five year US$18 million loan facility for the Asacha project in Kamchatka, Far East Russia. TSG is pleased to report that the new loan's outstanding conditions have now been satisfied and that first drawdown of the facility has taken place.

 

 

 

Ends

 

Contacts:

 

TSG

+44 (0) 1480 811871

Simon Olsen

 

 

 

Seymour Pierce Ltd

+44 (0) 207 107 8000

Stewart Dickson / David Foreman (Corporate Finance)

 

Jeremy Stephenson (Corporate Broking)

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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