Stockholm, 2012-12-17 16:08 CET (GLOBE NEWSWIRE) -- Auriant Mining AB (“AUR” or the “Company”) has signed a RUB 250 million (approx. SEK 54 million or USD 8.1 million) 12 month credit facility with Russia’s Sviaz-Bank.
Mihail Fedulov, CFO of Auriant Mining AB said, “We are pleased to announce this new loan from Sviaz-Bank, our long standing banking partner. Of these funds, RUB 200 million will be used on working capital for our Solcocon operation, and RUB 50 million will be used for the purchase of new equipment. This loan, together with the previous facility signed with PromSvyaz Bank, allows Auriant to finance all necessary equipment purchases for 2013 and to increase our exploration spending compared to previous years.”
Preston Haskell, Chairman of the Board
tel: +46 768 905 549
e-mail: preston.haskell@auriant.com
Denis Alexandrov, Member of the Board and CEO
tel: + 7 985 222 66 74
e-mail: denis.alexandrov@auriant.com
