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China Nonferrous Gold Ltd - Cayman Islands-based mineral exploration and development company operating Pakrut gold project in Tajikistan - Executes loan agreement with CNMC Trade Company Ltd of up to $65 million to repay Bank of Shanghai loan facility of $65 million. Says loan is repayable within three months from June 9. The terms include a monthly interest rate of 0.5%.
The company’s loan agreement with Bank of Shanghai was signed in June 2021 for a maximum of 24 months, due for repayment on June 9.
Current stock price: 1.60 pence, down 5.6% on Monday
12-month change: down 72%
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