China Gold International Resources Successfully Completes the Issuance of US$500 Million Corporate Bond.
China Gold International
Resources Corp. Ltd.
______
Tel: 604-609-0598 Fax: 604-688-0598 E-mail: [email protected], www.chinagoldintl.com
Suite 660, One Bentall Centre
505 Burrard Street, Box 27
Vancouver, BC
Canada V7X 1M4
China Gold International Resources Successfully Completes the Issuance of
US$500 Million Corporate Bond.
VANCOUVER, July 6, 2017 – China Gold International Resources Corp. Ltd. (TSX: CGG;
HKEx: 2099) (the “Company”, the “Guarantor” or “China Gold International Resources”)
is pleased to announce that on July 6, 201 7, the Company, through its wholly -owned
subsidiary, Skyland Mining (BVI) Limited (the “ Issuer”), and with the assistance of Joint
Lead Managers as defined in the previous news release dated June 2 8, 201 7, has
successfully completed the issuance of bonds (the “ Offer”, or the “ Bonds”) in an
aggregate principal amount of US$500 million.
Referring to the previous news release dated June 28, 2017, the Company informs that all
the conditions precedent to the issue of the Bonds as set out in the Subscription
Agreement have been satisfied . The Bonds are expected to be listed on The Stock
Exchange of Hong Kong Limited on July 7, 2017.
The Bonds were issued at a price of 99.663%, bearing a coupon of 3.25% per annum with
a maturity date of July 6, 2020 and were rated BBB- by Standard & Poor’s. The Bonds are
unconditionally and irrevocably guaranteed by the Company . The net proceeds of the
Offer will be used for repaying existing indebtedness, working capital and general
corporate purposes of the Company.
Mr. Bing Liu, CEO of the Company, noted that the transaction was noteworthy on several
accounts. Mr. Liu said “the successful 2017 offering adds to our track record and reflects
the support for the Company’s financing efforts in the global capital markets. The
placement of the Bonds represent s a validation of the Company’s business plan and past
results.”
The Bonds have not been sold, issued, delivered or offered directly or indirectly in Canada
or to, or for the benefit of, any resident of Canada, or for others to resale, directly or
indirectly, in Canada or to, or for the benefit of, any resident of Canada, except as
otherwise permitted under applicable Canadian laws and regulations . An application was
made to The Stock Exchange of Hong Kong Limited for the listing of, and permission to
deal in the Bonds by way of debt issues to qualified professional investors only and such
permission is expected to become eff ective on July 7 , 2 017. The Bonds and the
guarantee have not been and will not be registered under the Securities Act and may not
be offered or sold within the United States except in certain transactions exempt from, or
not subject to, the registration requirements of the Securities Act. Furthermo re, none of
the Bonds were or will be offered to the public in Hong Kong other than to “professional
investors” as defined in the Securities and Futures Ordinance (Cap. 571) of Hong Kong.
China Gold International
Resources Corp. Ltd.
______
Tel: 604-609-0598 Fax: 604-688-0598 E-mail: [email protected], www.chinagoldintl.com
2 Suite 660, One Bentall Centre
505 Burrard Street, Box 27
Vancouver, BC
Canada V7X 1M4
About China Gold International Resources
China Gold International Resources Corp. Ltd. is based in Vancouver, BC, Canada and
operates both profitable and growing mines, the CSH Gold Mine in Inner Mongolia, and the
Jiama Copper -Gold Polymetallic Mine in Tibet Autonomous Region of the People’s
Republic of China. The Compan y’s objective is to continue to build shareholder value by
growing production at its current mining operations, expanding its resource base, and
aggressively acquiring and developing new projects internationally. The Company is listed
on the Toronto Stock Exchange (TSX: CGG) and the Main Board of The Stock Exchange
of Hong Kong Limited (HKEx: 2099).
For further information on China Gold International Resources Corp. Ltd., please refer to
its SEDAR profile at www.sedar.com or contact Tel: 604 -609-0598, Email :
[email protected], Website: www.chinagoldintl.com.
Cautionary Note About Forward-Looking Statements
Certain information regarding China Gold International Resources contained herein may constitute
forward-looking statements within the meaning of ap plicable securities laws. Forward -looking
statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance
or other statements that are not statements of fact. Although China Gold International Resources
believes that the e xpectations reflected in such forward -looking statements are reasonable, it can
give no assurance that such expectations will prove to have been correct. China Gold International
Resources cautions that actual performance will be affected by a number of fa ctors, most of which
are beyond its control, and that future events and results may vary substantially from what China
Gold International Resources currently foresees. Factors that could cause actual results to differ
materially from those in forward -looking statements include market prices, exploitation and
exploration results, continued availability of capital and financing and general economic, market or
business conditions. The forward-looking statements are expressly qualified in their entirety by this
cautionary statement. The information contained herein is stated as of the current date and subject
to change after that date.