Stockholm, 2012-11-21 14:17 CET (GLOBE NEWSWIRE) -- Auriant Mining AB (“AUR” or the “Company”) is delighted to announce that the Company has signed a USD 16.2 million 12 month credit facility with PromSvyazBank.
In addition Auriant has reached a principal agreement with the majority shareholder on restructuring the existing shareholder loan leading to a significant decrease of the interest rate and regular payment of the interest.
Denis Alexandrov, CEO of Auriant Mining AB said, «This restructuring together with the new credit facility is a positive development for the company demonstrating a successful transition from the development stage to production, which will result in more stable cash flows going forward thereby improving the company’s liquidity».
Preston Haskell, Chairman of the Board
tel: +46 768 905 549
e-mail: preston.haskell@auriant.com
Denis Alexandrov, Member of the Board and CEO
tel: + 7 985 222 66 74
e-mail: denis.alexandrov@auriant.com
