Huayu Mining launches the issuance of RMB640 million convertible bonds
2019-06-12 17:57:35 [Print]
Huayu Mining disclosed a collecting introduction that the company will publicly issue convertible bonds on the evening of June 11. The company announced that it will issue convertible bonds of RMB640 million (USD92.55 million); the face value of each bond is RMB100/t (USD14.47/t) and the total number is 6.4 million. The total sum of issuance (including issue expenses) will be no more than RMB640 million (USD92.55 million) and will be invested into acquisition for shares of Talco Gold; the total sum also includes a consideration of USD90 million for the acquisition of 50% shares of Talco Gold and a loan of USD10 million to Talco Gold provided by Huayu Mining.
Huayu Mining claimed that the company will use the money collected to purchase 50% shares of Talco Gold. After that, it will own about 23 million tons of mineral reserves in Tajikistan, including 49.90t of gold metal and 264,600t of antimony metal. Currently, the exploration rights owned by Talco Gold are under construction and haven't been put into commercial operation.
Huayu Mining claimed that the company will use the money collected to purchase 50% shares of Talco Gold. After that, it will own about 23 million tons of mineral reserves in Tajikistan, including 49.90t of gold metal and 264,600t of antimony metal. Currently, the exploration rights owned by Talco Gold are under construction and haven't been put into commercial operation.
Antimony Conc. 50%min Delivered China
Unit:RMB/mt Sb
China antimony ingot producers' sales to production ratio statistics by province by month
Unit: %
