Business
Kounrad Project Update
Kounrad Project Update.
About this update from Central Asia Metals Plc
[{"type":"text","content":"\n \nRNS Number : 5836R Central Asia Metals PLC 29 October 2013 \n \n\n29 October 2013\nCENTRAL ASIA METALS PLC\n(\"CAML\" or the \"Company\")\nKounrad Project Update\n \nCentral Asia Metals PLC (AIM:CAML), a copper producing company focussed on base metals in Central Asia, provides an update in relation to the transaction to acquire the remaining 40 per cent of the Kounrad Copper Project in Kazakhstan (the \"Transaction\").\n \nFurther to the announcements made on 27 June and 23 July 2013 in relation to the Transaction, the Company announces that it has now completed the purchase of the additional 40 per cent interest in Kounrad Copper Company LLP (the \"KCC Transaction\").\n \nAs outlined in the Framework Agreement announced on 27 June 2013, the Company will continue to work with Mr Kenges Rakishev to obtain all the necessary Kazakhstan Government waivers to facilitate the transfer to CAML of the remaining 40 per cent of the subsoil user license associated with the Kounrad Copper Project.\n \nIn accordance with the Framework Agreement, following completion of the KCC Transaction, Mr Rakishev will be appointed a Non-Executive Director of the Company following completion of all necessary regulatory processes. A further announcement will be made in due course. \n \nEnquiries:\nCentral Asia Metals PLC Nick Clarke +44 (0)20 78989001\n Nigel Robinson \n \nCanaccord Genuity Limited  ...