Business
Director loan and Company net debt
Director loan and Company net debt.
About this update from Anglo Asian Mining Plc
[{"type":"text","content":"\n \nRNS Number : 4964L Anglo Asian Mining PLC 11 January 2016 \n \n\nAnglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining\n11 January 2016\nAnglo Asian Mining plc\nDirector loan and Company net debt\n \nAnglo Asian Mining plc (\"Anglo Asian\" or \"the Company\"), the AIM listed gold, copper and silver producer focused in Azerbaijan, announces that Reza Vaziri, President and Chief Executive Officer, has agreed to extend his loan facility to the Company. The Company also provides a summary of its net debt position at 31 December 2015. \n \nThe amount of the loan facility from Reza Vaziri is $4.0 million and the term of the loan is until 8 January 2016. The amount currently outstanding under the facility is $3.9 million. The extension of the term of this loan is currently being renegotiated.\n \nThe Company had net debt at 31 December 2015 of $49.2 million, a decrease of $3.2 million since 31 December 2014 \n \nFurther details of the extension of the term of the loan from Reza Vaziri and Company net debt will be provided in the Company's Quarter 4 and Full Year 2015 update which is expected by 15 January 2016.\n \n**ENDS**\n \nFor further information please visit www.angloasianmining.com or contact:\n \n\n\n\n\nReza Vaziri\n\n\nAnglo Asian Mining plc\n\n\nTel: +994 12 596 3350\n\n\n\n\nBill Morgan\n\n\nAnglo Asian Mining plc\n\n\nTel: +994 502 910 400\n\n\n\n\nEwan Leggat\n\n\nSP Angel Corporate Finance LLP\nNominated Adviser and Broker\n\n\nTel: +44 (0) 20 3470 0470\n\n\n\n\nLaura Harrison\n\n\nSP Angel Corporate Finance LLP\n\n\nTel + 44 (0) 20 3470 0470\n\n\n\n\nFelicity Winkles\n\n\nSt Brides Partners Ltd\n\n\nTel: +44 (0) 20 7236 1177\n\n\n\n\nLottie Brocklehurst \n\n\nSt Brides Partners Ltd\n\n\nTel: +44 (0) 20 7236 1177\n\n\n\n\n \n \nNotes:\nAnglo Asian Mining plc (AIM:AAZ) is a gold, copper and silver producer in Central Asia with a broad portfolio of production and exploration assets in Azerbaijan. The Company has a 1,962 square kilometre portfolio, assembled from analysis of historic Soviet geological data and held under a Production Sharing Agreement modelled on the Azeri oil industry.\n \nThe Company developed Azerbaijan's first operating gold/copper/silver mine, Gedabek, which commenced gold production in May 2009. Gold production for t...