NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,
IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE
REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN VIOLATION OF
THE RELEVANT LAWS OF SUCH JURISDICTION
THIS ANNOUNCEMENT IS NOT INTENDED TO CONSTITUTE, AND SHOULD
NOT BE CONSTRUED AS, AN OFFER TO SELL OR A SOLICITATION OF ANY
OFFER TO BUY THE SECURITIES OF THE COMPANY (AS DEFINED BELOW) IN
ANY JURISDICTION WHERE IT WOULD BE UNLAWFUL TO DO
SO
3 December 2024
ACG METALS
LIMITED
("ACG" or
the "Company")
ACG Metals Engages Joint Managers for USD Bond
Financing
ACG Metals Limited today announces
that its subsidiary, ACG HoldCo 1 Limited, has engaged ABG Sundal
Collier ASA and Stifel Europe AG as Joint Lead Managers to arrange
a series of fixed income investor meetings, commencing today, 3
December 2024. A new USD denominated senior secured bond issue with
a four-year tenor may follow, subject to inter alia market
conditions.
The purpose of the new bond issue is
to finance the sulphide expansion project at the Company's
operating Gediktepe Mine in Türkiye, refinance existing
indebtedness and for general corporate purposes.
Further announcements will be made
as and when appropriate.
- ENDS -
The person responsible for the
release of this information on behalf of the Company is Artem
Volynets, Chairman & Chief Executive Officer.
For further information
please contact:
Palatine
Communications Advisor
Conal Walsh / James Gilheany/ Kelsey
Traynor/ Richard Seed
acg@palatine-media.com
About the Company
ACG is a company with a vision to
consolidate the critical metals industry, starting with the copper
sector. Through a series of roll-up acquisitions, ACG intends to
become a premier supplier of copper and other critical metals to
the western OEM supply chain, with best-in-class ESG and carbon
footprint characteristics.
In September 2024, ACG successfully
completed the acquisition of the Gediktepe Mine, an operating open
pit mine in Türkiye currently producing 34 koz of gold and 361 koz
of silver. Gediktepe is expected to transition to primary copper
and zinc production from 2026 and will target annual steady-state
copper equivalent production of 20-25 kt.
ACG's team has extensive M&A
experience built through decades spent at blue-chip multinationals
in the sector. The team brings a significant network as well as a
commitment to ESG principles and strong corporate
governance.
For more information about ACG,
please visit: www.acgcorp.co