CGN Mining (HKG:1164) announced that its controlling shareholder had issued and Silver Grant (HKG:0171) had subscribed for the exchangeable bond in the principal amount of HK$776 million.

In March, CGN Mining (HKG:1164) announced that its controlling shareholder, China Uranium Development Company Limited, entered into a memorandum of understanding with Silver Grant for issuing an exchangeable bond in a principal amount of HK$776 millionto Silver Grant. Silver Grant can exercise the exchange right under the bond to request China Uranium to transfer to it ordinary shares of CGN Mining held by China Uranium.