Auriant Mining AB (publ.) announces the terms of the restructuring of shareholder debt

1/23/2013 4:15 AM EST

Auriant Mining AB
Company Announcement

Auriant Mining AB (publ.) announces the terms of the restructuring of
shareholder debt

Stockholm, 2013-01-23 10:15 CET (GLOBE NEWSWIRE) -- Auriant Mining AB (“AUR” or
the “Company”) announced on November 21, 2012 that it had reached a principal
agreement on restructuring the terms of the loans received from the majority
shareholder. 

As of December 31st, 2012 the outstanding loans from the majority shareholder
were US$33.1 million (approx. SEK222 million), together with capitalised
interest. 

Under the terms of the restructuring:

· The loans have been consolidated into one bond instrument

· Repayment of the bond will occur in 2014, rather than 2013 for the original
loans 

· The restructured debt will be unsecured

· The overall interest rate will be reduced from 18% to 13%

· The company will commence interest payments on a monthly basis. The minimum
monthly interest payment will be 5% p.a. with the remainder of 8% capitalised 

· Any monthly interest payment in excess of 5% will be at a rate of less than
8% p.a. such that the overall interest rate for the debt will be in the range
of 11.5-13% p.a. 

Mikhail Fedulov, Auriant CFO, said, ”With this restructuring we have increased
the tenor of our debt to the shareholder, and substantially lowered the
Company’s interest burden, making our long term debt profile more sustainable.
In turn this will increase the Company’s borrowing capacity with banks.” 


         Preston Haskell, Chairman of the Board
         tel: +46 768 905 549
         e-mail:  
         
         Denis Alexandrov, Member of the Board and CEO
         tel: + 7 985 222 66 74
         e-mail: