Ust-Kamenogorsk Titanium-Magnesium Plant secures KZT7.0 bn loan

/KASE, August 5, 15/ – Ust-Kamenogorsk Titanium-Magnesium Plant JSC (Oskemen), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote information on receipt by UKTMK of a loan to the amount of more than 25% of the equity. - Loan received on – August 3, 2015. - Loan purpose: funding of purchase of raw materials, their consecutive processing, to produce titanium sponge, titanium slabs, and alloys with consecutive sale according to selling contracts. - Amount of loan – KZT7,000,000,000. - Percentage ratio of the amount received by UKTMK to the equity of UKTMK makes up 41.06 %. unquote [2015-08-05]