Nordgold provides additional guarantors under the US$500 million Eurobonds
London, United Kingdom, 4 July 2017 - Nord Gold SE (“Nordgold” or the “Company”), the internationally diversified gold producer, is pleased to announce that it has provided additional guarantee coverage under the US$500 million Eurobonds, maturing in 2018 by procuring the accession of Celtic Resources Holdings Limited and Berezitovy Rudnic LLC as further additional guarantors.
At the Meeting, the resolutions set out in the notice of the Meeting were proposed and passed on a poll. The voting figures are shown below.
Such accession was necessitated in order to ensure equal guarantee coverage to all Nordgold Group creditors after similar security was provided by Celtic Resources Holdings Limited and Berezitovy Rudnic LLC under the US$325 million seven-year debt facility with Sberbank CIB.
Nordgold is an internationally diversified gold producer established in 2007. Nordgold has a proven track record of operational excellence and benefits from a significant international development pipeline. The Company is relentlessly focused on shareholder value, committed to running safe, efficient, profitable operations, which enable it to generate strong cashflows and in turn, continue to invest in its pipeline of new growth opportunities while generating returns for investors. In 2016, Nordgold produced 869 koz of gold.
Nordgold operates 9 mines (4 in Russia, 3 in Burkina Faso and one each in Guinea and Kazakhstan). It has one project in construction phase (Gross in Russia), several prospective projects and a diverse portfolio of early-stage exploration projects and licences in Burkina Faso, Russia, French Guiana and Canada. Nordgold employs over 8,000 people.
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