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News and Press-releases

GV Gold expands the credit facility with UniCredit Bank

GV Gold (Vysochaishy, PJSC) intends to conclude credit agreements with UniCredit Bank to raise USD 75 mln of debt funds, including USD 25 mln — a credit facility for the Company’s subsidiary Taryn Goldmining Company, JSC. Credit terms: 5 years, floating interest rate, based on the three-months LIBOR.

Cash funds will be used for the debt refinancing and general corporate purposes.

As at June 13, 2017, the GV Gold Group’s credit portfolio totaled USD 145 mln.