AAZ.L

Anglo Asian Mining Plc
Anglo Asian Mining - Vendor Financing Facility - Receipt of Proceeds
27th August 2024, 06:00
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RNS Number : 6893B
Anglo Asian Mining PLC
27 August 2024
 

 

27 August 2024

 

Anglo Asian Mining plc

Vendor Financing Facility with Caterpillar Financial Services Corporation

Receipt of proceeds of $3.7 million loan

 

Anglo 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").

 

Further details about the Facility are given in the Company's RNS of 8 May 2024:

 

https://polaris.brighterir.com/public/anglo_asian_mining/news/rns/story/xz8y3ox

 

Note that all references to "$" are to United States dollars.

Market Abuse Regulation (MAR) Disclosure

Certain 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.

 

For further information please contact:

 

Anglo Asian Mining plc


Reza Vaziri, Chief Executive Officer

Tel: +994 12 596 3350

Bill Morgan, Chief Financial Officer

Tel: +994 502 910 400

Stephen Westhead, Vice President

Tel: +994 502 916 894



SP Angel Corporate Finance LLP (Nominated Adviser and Broker)

Ewan Leggat

Adam Cowl

Tel: +44 (0) 20 3470 0470



Hudson Sandler (Financial PR)

Charlie Jack

Harry Griffiths

 

Tel: +44 0) 20 7796 4133

 

Notes to editors

 

Anglo 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. 

 

On 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 Company, with forecast production of around 36,000 copper equivalent tonnes. It plans to achieve this growth by bringing into production four new mines during the period 2024 to 2028 at Zafar, Gilar, Xarxar and Garadag. 

 

https://www.angloasianmining.com/

 

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