28th Oct 2013 07:00
28 October 2013
Kryso Resources Corporation Limited
('Kryso' or the 'Company')
AIM: KYS
APPOINTMENT OF SPONSOR FOR PROPOSED HONG KONG LISTING
Kryso Resources Corporation Limited (AIM: KYS), the mineral exploration and development company currently developing the Pakrut gold project in the Republic of Tajikistan, is pleased to announce that the Company has appointed GuotaiJunan Capital Limited (‘GuotaiJunan Capital’) as its sponsor in relation to the proposed listing of its issued share capital on the main board of The Stock Exchange of Hong Kong Limited.
GuotaiJunan Capital is the corporate finance arm and a subsidiary of GuotaiJunan International Holdings Limited, which in turn is a Hong Kong-listed subsidiary of GuotaiJunan Securities Company Limited, one of the largest securities houses in the People's Republic of China.
ENDS
For further information please visit the Company’s website (www.kryso.com) or contact:
Kryso Resources Corporation Limited
David Tang, Managing Director
Tel: +86 10 8442 6681
Investec Bank Plc
Jeremy Ellis, Chris Sim, George Price
Tel: +44 (0)20 7597 5970
XCAP Securities Plc
Jon Belliss, Guy Peters
Tel: +44 (0) 207 101 7070
Blythe Weigh Communications
Paul Weigh, HalimahHussain
Tel: +44 (0)20 7138 3204
Project Summary
The Pakrut gold project, of which Kryso has 100 per cent ownership, is situated in Tajikistan approximately 120km northeast of the capital city Dushanbe. Pakrut has estimated total JORC compliant resources of 4,720,000 oz Au (assuming a cut-off grade of 0.5 grams per tonne of gold) and is located within the Tien Shan gold belt, which extends from Uzbekistan into Tajikistan, Kyrgyzstan and Western China, and which hosts a number of multi-million ounce gold deposits.
Kryso is currently in a construction phase with mining contractors on site developing the underground mine and surface infrastructure. Krysohas completed building a number of new bridges and roads up to site. Tenders have been completed for the large items of plant equipment and contracts are now being finalised with successful tenderers. Infrastructure construction began in October 2011 and construction of the mine commenced in September 2012. At the same time exploration is continuing with four drill rigs currently operating in the Pakrut Licensed Area drilling at Eastern Pakrut, Rufigar and Sulfidnoye.
About Tajikistan
Tajikistan is a secular republic located in Central Asia. The country is a member of the Commonwealth of Independent States and the Shanghai Cooperation Organisation. Tajikistan hosts numerous operating precious metal mines as well as the largest aluminium smelter in Central Asia. Kryso's management team has extensive experience in the mining industry in Tajikistan.
Copyright Business Wire 2013
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