27 August 2024
Anglo Asian Mining
plc
Vendor Financing Facility
with Caterpillar Financial Services Corporation
Receipt of proceeds of $3.7
million loan
Anglo Asian Mining plc ("Anglo
Asian" or the "Company"), the AIM listed gold, copper and silver
producer focused in Azerbaijan, is pleased to announce that its
subsidiary, Azerbaijan International Mining Company Limited
("AIMC"), has received the proceeds of $3.7 million under a Vendor
Financing Facility Agreement (the "Facility") with Caterpillar
Financial Services Corporation ("Cat Financial").
Further details about the Facility
are given in the Company's RNS of 8 May 2024:
https://polaris.brighterir.com/public/anglo_asian_mining/news/rns/story/xz8y3ox
Note that all references to "$" are to United
States dollars.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014, which was incorporated
into UK law by the European Union (Withdrawal)
Act 2018, until the release of this announcement.
For further information please
contact:
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Anglo Asian Mining plc
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Reza Vaziri, Chief Executive
Officer
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Tel: +994 12 596 3350
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Bill Morgan, Chief Financial
Officer
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Tel: +994 502 910 400
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Stephen Westhead, Vice
President
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Tel: +994 502 916 894
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SP
Angel Corporate Finance LLP (Nominated Adviser and Broker)
Ewan Leggat
Adam Cowl
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Tel: +44 (0) 20 3470 0470
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Hudson Sandler (Financial
PR)
Charlie Jack
Harry Griffiths
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Tel: +44
0) 20 7796 4133
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Notes to editors
Anglo Asian Mining
plc (AIM:AAZ) is a gold, copper and silver producer with a
high-quality portfolio of production and exploration assets
in Azerbaijan. The Company produced 31,821 gold equivalent
ounces ("GEOs") for the year ended 31 December
2023.
On 30 March 2023, the Company
published its strategic plan for growth which shows a clearly
defined path for the Company to transition to a multi-asset,
mid-tier, copper and gold producer by 2028, by which time copper
will be the principal product of the Company, with forecast
production of around 36,000 copper equivalent tonnes. It plans to
achieve this growth by bringing into production four new mines
during the period 2024 to 2028 at Zafar, Gilar, Xarxar and
Garadag.
https://www.angloasianmining.com/