Business
Vendor Financing Facility - Receipt of Proceeds
Vendor Financing Facility - Receipt of Proceeds.
About this update from Anglo Asian Mining Plc
[{"type":"text","content":"\n\n \n27 August 2024\n \nAnglo Asian Mining plc\nVendor Financing Facility with Caterpillar Financial Services Corporation\nReceipt of proceeds of $3.7 million loan\n \nAnglo Asian Mining plc (\"Anglo Asian\" or the \"Company\"), the AIM listed gold, copper and silver producer focused in Azerbaijan, is pleased to announce that its subsidiary, Azerbaijan International Mining Company Limited (\"AIMC\"), has received the proceeds of $3.7 million under a Vendor Financing Facility Agreement (the \"Facility\") with Caterpillar Financial Services Corporation (\"Cat Financial\").\n \nFurther details about the Facility are given in the Company's RNS of 8 May 2024:\n \nhttps://polaris.brighterir.com/public/anglo_asian_mining/news/rns/story/xz8y3ox\n \nNote that all references to \"$\" are to United States dollars.\nMarket Abuse Regulation (MAR) Disclosure\nCertain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014, which was incorporated into UK law by the European Union (Withdrawal) Act 2018, until the release of this announcement.\n \nFor further information please contact:\n \n\n\n\n\nAnglo Asian Mining plc\n\n\n\n\n\n\n\nReza Vaziri, Chief Executive Officer\n\n\nTel: +994 12 596 3350\n\n\n\n\nBill Morgan, Chief Financial Officer\n\n\nTel: +994 502 910 400\n\n\n\n\nStephen Westhead, Vice President\n\n\nTel: +994 502 916 894\n\n\n\n\n\n\n\n\n\n\n\n\nSP Angel Corporate Finance LLP (Nominated Adviser and Broker)\nEwan Leggat\nAdam Cowl\n\n\nTel: +44 (0) 20 3470 0470\n\n\n\n\n\n\n\n\n\n\n\n\nHudson Sandler (Financial PR)\nCharlie Jack\nHarry Griffiths\n \n\n\nTel: +44 0) 20 7796 4133\n \n\n\n\n\nNotes to editors\n \nAnglo Asian Mining plc (AIM:AAZ) is a gold, copper and silver producer with a high-quality portfolio of production and exploration assets in Azerbaijan. The Company produced 31,821 gold equivalent ounces (\"GEOs\") for the year ended 31 December 2023. \n \nOn 30 March 2023, the Company published its strategic plan for growth which shows a clearly defined path for the Company to transition to a multi-asset, mid-tier, copper and gold producer by 2028, by which time copper will be the principal product of the Comp...