Global Atomic's Turkish Operations Unaffected by Government's Recent Economic Announcement

Global Atomic’s Turkish Operations Unaffected by Government’s Recent Economic Announcement

Global Atomic Corporation reports that it is business as usual at its Turkish joint venture operation, Befesa Silvermet Turkey following recent announcements by the Turkish government regarding the conversion of a portion of revenues into Turkish lira. As a matter of course, BST regularly repatriates a portion of its revenue from U.S. dollars to Turkish lira to cover operating costs related to items such as …

Global Atomic Corporation ("Global Atomic" or the "Company") (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) reports that it is business as usual at its Turkish joint venture operation, Befesa Silvermet Turkey (‘BST"), following recent announcements by the Turkish government regarding the conversion of a portion of revenues into Turkish lira. As a matter of course, BST regularly repatriates a portion of its revenue from U.S. dollars to Turkish lira to cover operating costs related to items such as salaries and locally supplied raw materials. About […]

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