22nd Dec 2009 15:07
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For Immediate Release |
22 December 2009 |
AURUM MINING PLC
("Aurum" or "the Company")
Completion of disposal of Andash asset to Kentor Gold Limited
Aurum Mining plc (AIM: AUR) is delighted to announce that the transaction to dispose of the Company's 80% stake in the Andash asset has today completed and the Company has received all relevant proceeds from Kentor.
The Company is also now in the final stages of buying back a 10% stake in the Andash asset from Investcenter Talas LLC (ITL), the Company's local partner in Kyrgyzstan.
With the disposal of Andash completed, and for the purposes of the AIM Rules, the Company is now deemed to be an investing company (as defined by the AIM Rules). The Company will now therefore be seeking to implement its investing policy (approved by the Company's Shareholders at the General Meeting on 12 November 2009) within the next twelve months.
For further information:
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Aurum Mining plc |
Tel: 020 7499 4000 |
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Mark Jones, Chief Executive Chris Eadie, Chief Financial Officer |
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Arbuthnot Securities |
Tel: 020 7012 2000 |
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John Prior |
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Richard Johnson |
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