Business
Partial transfer of loan from Amsterdam Trade Bank
Partial transfer of loan from Amsterdam Trade Bank.
About this update from Anglo Asian Mining Plc
[{"type":"text","content":"\n \nRNS Number : 0954X Anglo Asian Mining PLC 16 February 2017 \n\nAnglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining\n \n16 February 2017\n \nAnglo Asian Mining plc\nPartial transfer of loan from Amsterdam Trade Bank N.V. to Gazprombank (Switzerland) Ltd\n \nAnglo Asian Mining plc (\"Anglo Asian\" or \"Company\"), the AIM-listed gold, copper and silver producer focused in Azerbaijan, announce the partial transfer of its loan from Amsterdam Trade Bank N.V. (\"ATB N.V.\") to Gazprombank (Switzerland) Ltd (\"GPBS\"). Note that all references to \"$\" are to United States dollars.\n \nIn October 2013, Anglo Asian entered into a loan with ATB N.V. for $37 million for the purpose of constructing its agitation leaching plant. The balance of the loan at 31 December 2016 was $17.3 million. On 15 February 2017, a transaction was finalised to transfer 50 per cent. of the balance of the loan being $8.6 million to GPBS. The terms of the loan and security will remain unchanged and ATB N.V. will act as agent to administer the loan on behalf of ATB N.V. and GPBS.\n \nMarket Abuse Regulation (MAR) Disclosure\n \nCertain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.\n \n**ENDS**\n \nFor further information please visit www.angloasianmining.com or contact:\n \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\nSusie Geliher\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 \n \nNotes:\n \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 Shar...