Business
Loan Agreement
Loan Agreement.
About this update from Kazera Global Plc
[{"type":"text","content":"\n RNS Number : 3811T KazakhGold Group Ltd 04 June 2009 \n \n04 June, 2009\n\n\n\n\nKazakhGold enters into US$9.375 million loan agreement with Gold Lion Holdings Limited\n\nKazakhGold Group Limited (LSE: KZG) ('KazakhGold', the 'Company' or the 'Group') today announces that it has entered into a US$9.375 million loan agreement with Gold Lion Holdings Limited in order to fund the outstanding coupon payment on its Eurobond, issued 31 October 2006 (the 'Eurobond'), which is payable no later than Friday, 5 June 2009. Gold Lion Holdings Limited holds 22.1 million shares in KazakhGold for the benefit of the Assaubayev Family.\n \nIn accordance with the terms of the Eurobond, the loan from Gold Lion Holdings is subordinated and cannot be redeemed until 12 months after the redemption of the Eurobond, due 6 November 2013. The loan will bear interest of 10 per cent.\n\nEnd\n\n\nForward-Looking Statements:\n\nSome of the statements in this document are forward-looking. Forward-looking statements include statements regarding the intent, belief and current expectations of the Group or its officers with respect to various matters. When used in this document, the words 'expects,' 'believes,' 'anticipates,' 'plans,' 'may,' 'will,' 'should' and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Such statements are not promises or guarantees, and are subject to risks and uncertainties that could cause actual outcomes to differ materially from those suggested by any such statements.\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCSSUFFLSUSEEM \n ","length":2533,"tagName":"div"}]