StockMarketWire.com - Gold miner Altyn said it had secured funding from Kazakhstan-based lender Bank CenterCredit.

As a first step, it had entered into an unsecured loan agreement for a sum of KZT 350m ($950k) with the bank.

Altyn said it was advanced talks with Bank CenterCredit for the provision of a larger amount of funding.

Major shareholder African Resources had also committed to provide an additional 400m KZT ($1.1m) unsecured loan towards the acquisition of underground mining machinery.

'The company is pleased with African Resources's continued support for the company with the aim of boosting production further,' it said.




At 2:44pm: [LON:ALTN] Altyn Plc Ord 0.1p share price was +0.15p at 0.7p



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