ALTYN PLC: Production and financing update
June 09 2020 - 2:00AM
UK Regulatory
TIDMALTN
9(th) June 2020
Altyn Plc
("Altyn" or the "Company")
Production and financing update
Altyn is pleased to announce that the positive momentum is being
maintained in production growth in 2Q20 with an annualised monthly
run rate of 600kt/year being achieved in April and May, which is
more than a 60% growth based on the run rate quarter on
quarter.
Gold recovery grades are also improving and exceeding the
budgeted targets for the period.
As previously disclosed, further equipment is scheduled to be
delivered in Q320 which will further strengthen our fleet and
solidify the current positive dynamics in terms of higher
production and reduced grade dilution.
With respect to the Astana Stock Exchange bond issue, the
company has so far raised USD 3.2 million out of USD 10 million
maximum. The Company is seeing a pickup in interest from investors.
As part of the bond placement agreement, Altyn is issuing stock
options (exercisable by 1(st) October 2020) to the sole manager JSC
Freedom Finance for 154,028,981 shares upon full placement by the
end of June 2020.
Further Information:
For further information please contact:
Altyn Plc
Rajinder Basra
+44 (0) 207 932 2455
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 an exploration and development company,
which is listed on the main market 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/20200608005710/en/
CONTACT:
Altyn Plc
SOURCE: Altyn Plc
Copyright Business Wire 2020
(END) Dow Jones Newswires
June 09, 2020 02:00 ET (06:00 GMT)
Altyngold (LSE:ALTN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Altyngold (LSE:ALTN)
Historical Stock Chart
From Apr 2023 to Apr 2024
