Business
Exploration Investment in Kosovo
Exploration Investment in Kosovo.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n \nRNS Number : 4058G Beowulf Mining PLC 06 November 2018 \n\n \n \nThe information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (\"MAR\") (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\nFor the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of Kurt Budge, Chief Executive Officer.\n6 November 2018\nBeowulf Mining plc\n(\"Beowulf\" or the \"Company\")\n Exploration Investment in Kosovo \nBeowulf, the Nordic focused mineral exploration and development company, has acquired new shares representing an initial 14 per cent interest in Vardar Minerals Limited (\"Vardar\"), a private exploration company with interests in the Balkans, for the consideration of £250,000 to be satisfied in cash (\"Investment\"). The Company also has an option to make a further investment and increase its ownership in Vardar. This investment provides the Company with exposure to a number of porphyry related copper, gold and base metal targets in the prospective Tethys Arc. The region is rapidly becoming a focus for major exploration investment following significant discoveries in the last decade.\n \nHighlights\n \n· The investment into Vardar gives Beowulf exposure to a portfolio of exploration licences situated in the European Tertiary calc-alkaline Tethys Arc most notable for its lead-zinc-silver mining districts, as well as recent porphyry related copper and gold discoveries. \n· The Balkans are currently experiencing an increased focus from explorers following significant recent discoveries and generally improving conditions in the region.\n· Vardar has a ...