29th Jul 2013 09:53
29 July 2013
Kryso Resources Plc
(“Kryso” or the “Company”)
AIM: KYS
TEMPORARY SUSPENSION OF TRADING ON AIM
Kryso Resources Plc (AIM: KYS), the mineral exploration and development company currently developing the Pakrut gold project in the Republic of Tajikistan (“Existing Kryso”), announces that trading of the Company’s shares on AIM is to be suspended from 7.00 a.m. on 30 July 2013, pending the Court’s sanction of the proposed scheme of arrangement between Existing Kryso and its shareholders under Part 26 of the Companies Act 2006, and the Court’s confirmation of the associated reduction of capital.
Capitalised terms used but not defined in this announcement have the meaning given to them in the circular despatched to shareholders of Existing Kryso on 8 May 2013.
It is expected that the Court’s sanction of the Scheme and confirmation of the Reduction of Capital will occur on 30 July 2013 and that cancellation of Existing Kryso Ordinary Shares from AIM, the admission of New Kryso Ordinary Shares to AIM, the crediting of New Kryso Ordinary Shares in uncertificated form to CREST accounts (in the form of Depositary Interests) and the commencement of dealings in New Kryso Ordinary Shares on AIM will each occur on 31 July 2013.
For further information please visit the Company’s website (www.kryso.com) or contact:
Kryso Resources PlcCraig Brown, Managing DirectorTel: +44 (0) 20 7349 9160
Investec Bank PlcJeremy Ellis, Chris Sim, George PriceTel: +44 (0)20 7597 5970
XCAP Securities PlcJon Belliss, Guy PetersTel: +44 (0) 207 101 7070
Blythe Weigh CommunicationsPaul Weigh, Tim Blythe, Halimah HussainTel: +44 (0)20 7138 3204
About the Pakrut Gold Project
The Pakrut gold project, of which Kryso has 100% ownership, is situated in Tajikistan approximately 12km 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 g/t Au) 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.
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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