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
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.
. 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.