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Issue of Shares

3rd Oct 2014 16:51

RNS Number : 4602T
Tengri Resources
03 October 2014
 



Tengri Resources

 

("Tengri" or the "Company')

 

Issue of Shares

 

Tengri Resources (AIM: TEN), the mining exploration and development company focused on low-cost gold-copper projects in Kyrgyz Republic, announces that it has issued 186,597 New Ordinary Shares at 5p under an agreement concluding arrangements with former Nominated Adviser ZAI Corporate Finance Limited. The shares are expected to be admitted to AIM on 9 October 2014.

Following the issue of the 186,597 new Ordinary Shares, there will be 107,618,497 Ordinary Shares in issue. This number may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.

 

Tengri Resources

Peter Moss

+44 20 3301 9346

finnCap Ltd (Nomad)

Matthew Robinson/Grant Bergman/James Thompson

+44 20 7220 0500

Peterhouse Corporate Finance Limited (Corporate Broker)

Heena Karani

+44 20 7469 0936

Tavistock Communications (PR and IR Adviser)

Nuala Gallagher/ Emily Fenton/ Jos Simson

+44 20 7920 3150

 

Notes to Editors

Tengri Resources (AIM: TEN) is a mining exploration and development company focused on low-cost gold-copper projects in Central Asia.

 

The Company seeks to add portfolio value by applying a phased approach to project development. Its most advanced project is the Andash Mining Project (TEN 100%) which has JORC compliant resources of 682koz of gold and 170Mlb of copper. Tengri also owns the large scale Taldybulak deposit (TEN 100%), which has SAMREC compliant resources of 6.8Moz of gold and 1.66bnlb of copper, and the Bashkol project (TEN right to earn 70%), located 60km along strike from the producing Kumtor Gold Mine.

 

The Company listed on AIM in July, 2014. Tengri's board and management are highly experienced in Central Asia, with mining operational and financial career backgrounds.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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