Brief: Kopy Goldfields Secures New Financing Of SEK 15 Mln

Kopy Goldfields AB (publ)

18/09/2019 09:08

Sept 18 (Reuters) - Kopy Goldfields AB (publ)  KOPY.ST :
    * IF ALL PAYMENTS RELATED TO SALE OF KOPYLOVSKOYE PROJECT
ARE MADE
BEFORE DECEMBER 31, 2020, TOTAL PRICE WILL BE REDUCED TO USD 5
MILLION
    * ‍WITH NEW LOAN TERMS, REPAYMENT IS BETTER ALIGNED WITH
EXPECTED
PAYMENTS FROM KOPYLOVSKOYE SALE​
    * KOPY GOLDFIELDS SECURES NEW FINANCING OF MSEK 15
    * AT SAME TIME, EXISTING LONG-TERM LOAN OF SEK 30 MILLION
WAS
RENEGOTIATED AND EXTENDED
    * NEW LOAN OF SEK 15 MILLION HAS BEEN GRANTED FROM
SCANDINAVIAN
CREDIT FUND I AB FOR PURPOSE OF FINANCING COMPANY'S OPERATIONS
    * NEW REPAYMENT DATE IS SEPTEMBER 13, 2022
    * WITH NEW SEK 15 MILLION LOAN, KOPY GOLDFIELDS WILL FINANCE
OPERATIONS AND CONTINUE KRASNY SELLING PROCESS
    * LOAN WILL ALSO COVER ONGOING MALY PATOM EXPLORATION
PROGRAM,
ENABLING COMPANY TO STRENGTHEN ITS PIPELINE OF PROJECTS

Source text for Eikon:  ID:nBQNb8XByc 
Further company coverage:  KOPY.ST 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))