Business
Completion of disposal of And
Completion of disposal of And.
About this update from Shearwater Group Plc
[{"type":"text","content":"\n RNS Number : 5754E Aurum Mining PLC 22 December 2009 \n \n\n\n\n\nFor Immediate Release\n\n\n22 December 2009\n\n\n\n\n\nAURUM MINING PLC\n(\"Aurum\" or \"the Company\")\n\nCompletion of disposal of Andash asset to Kentor Gold Limited\n\nAurum Mining plc (AIM: AUR) is delighted to announce that the transaction to dispose of the Company's 80% stake in the Andash asset has today completed and the Company has received all relevant proceeds from Kentor.\n\nThe Company is also now in the final stages of buying back a 10% stake in the Andash asset from Investcenter Talas LLC (ITL), the Company's local partner in Kyrgyzstan. \n\nWith the disposal of Andash completed, and for the purposes of the AIM Rules, the Company is now deemed to be an investing company (as defined by the AIM Rules). The Company will now therefore be seeking to implement its investing policy (approved by the Company's Shareholders at the General Meeting on 12 November 2009) within the next twelve months. \n\n\nFor further information: \n\n\n\n\n\nAurum Mining plc\n\n\nTel: 020 7499 4000\n\n\n\n\nMark Jones, Chief Executive\nChris Eadie, Chief Financial Officer\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nArbuthnot Securities\n\n\nTel: 020 7012 2000\n\n\n\n\nJohn Prior\n\n\n\n\n\n\n\nRichard Johnson\n\n\n\n\n\n\n\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END DISILFIEFRLFFIA \n ","length":3485,"tagName":"div"}]