On September 4, 2024, specialized trades for the placement of bonds KZ2P00011778 (alternative KASE platform, "bonds" category, FPSTb5) of BASS Gold LLP will be held in the KASE trading system, as reported on the website of the Kazakhstan Stock Exchange (KASE).
ISIN: KZ2P00011778
KASE Trading Code: FPSTb5
Nominal Value: $100.00 USD
Maturity: 2 years (720 days)
Coupon Rate: 11.00% per annum
Coupon Payment Frequency: Twice a year
Applications for participation in the trades can only be submitted by KASE stock market members.
Reminder:
BASS Gold LLP (formerly Forpost LLP) is a gold mining company with many years of experience in the precious metals market. The company has two deposits: Ushshoky (Ulytau region) and Chinasyl-Sai (Almaty region).
This year, a gold extraction plant using the cyanidation method for ore leaching was launched at the Ushshoky deposit, and an agreement was signed with Tau-Ken Altyn LLP for the sale of gold at global market prices.
In July 2024, the company obtained a license to conduct geological exploration on 11 blocks with a total area of 25.1 square kilometers near the Ushshoky mine, with estimated gold reserves of 2 to 4 tons.
In the near future, the processing capacity at Ushshoky is planned to be doubled through the modernization of existing assets and the installation of additional equipment.