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Result of AGM

13th Jun 2008 11:38

RNS Number : 6642W
Griffin Mining Ld
13 June 2008
 



Griffin Mining Limited 

60 St James's Street, London SW1A 1LE, United Kingdom

Telephone: + 44 (0)20 7629 7772 Facsimile: + 44 (0)20 7629 7773

E mail: [email protected]

13th JUNE 2008

RESULTS OF ANNUAL GENERAL MEETING

UPDATE ON PROGRESS AT CAIJIAYING

At the annual general meeting held today of the shareholders of Griffin Mining Limited ("Griffin" or the "Company"), all resolutions were duly passed.

At the meeting the Chairman, Mr. Mladen Ninkov, gave a summary report on developments and progress at the Caijiaying zinc gold mine. The Chairman reported that:

Construction work on the plant upgrade to increase mill throughput to 750,000 tonnes of ore per annum is underway with all major items of equipment ordered and expected to be installed by the end of the summer.
An underground drive from the zone III mining area to zone II two kilometres to the south at Caijiaying is being driven, allowing for underground exploration drilling in the areas between the two zones and allow access for the development of the zone II resource.
The Company continues to evaluate further acquisitions which have the potential to add significant value to the company.
The buy back and cancellation of 79,851,818 held by Citadel Equity Fund Ltd had been completed.

Further information

Mladen Ninkov - Chairman

Telephone: +44(0)20 7629 7772

Roger Goodwin - Finance Director

Griffin Mining Limited

Adrian Hadden

Telephone: +44(0)20 7523 8350

Collins Stewart Europe Limited

Hugo de Salis

Telephone: +44(0) 20 7242 4477

St Brides Media & Finance Ltd

Griffin Mining Limited's shares are quoted on the Alternative Investment Market (AIM) of the London Stock Exchange (symbol GFM).

The Company's news releases are available on the Company's web site: www.griffinmining.com

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