Nordgold Redeems Crew Gold Bonds of US$58.9m
Amsterdam, October 2, 2012 - Nord Gold N.V. (Nordgold, LSE: NORD), an independent, internationally diversified, pure-play gold producer strategically focused on emerging markets, announces the full and timely redemption of bonds by its subsidiary, Crew Gold Corp (CGC).
CGC had US Dollar and Norwegian Krona nominated bonds in issue with maturity in September 2012. The total nominal value of the bonds was US$58.9m (as per exchange rate at redemption).
After redemption of these bonds, Nordgold Group’s debt portfolio contains only long-term obligations.
Crew Gold Corp is the operator and 100% owner of the Lefa project in Guinea. Nordgold has incrementally acquired a 100% share in CGC between 2010 and 2011.