The Company's finance facility is held with a syndicate of lenders including, ING Bank NV, BNP Paribas SA, Societe Generale London Branch, and UniCredit S.p.A. The finance facility agreement has no mandatory hedging, no pre-payment penalties, and final repayment is scheduled for Q4 2023. As of July 31, 2019, Alacer had US$315 million of debt outstanding and consolidated cash of US$152 1 million for a net debt position of US$163 million. About Alacer Alacer is a leading low-cost intermediate gold producer whose primary focus is to leverage its cornerstone Çöpler Gold Mine and strong balance sheet as foundations to continue its organic multi-mine growth strategy, maximize free cash flow and therefore create maximum value for shareholders.