Business
Reduction of Capital - Court
Reduction of Capital - Court.
About this update from Shearwater Group Plc
[{"type":"text","content":"\n RNS Number : 9182P Aurum Mining PLC 01 April 2009 \n \n1 April 2009\nAURUM MINING PLC\n('Aurum Mining')\n\nCourt approves Reduction of Capital\n\nAurum Mining announces that it has received Court approval for the Reduction of Capital. The Reduction of Capital will become effective once the order granted by the Court has been registered at Companies House. This approval means that every Shareholder who was on the register of members as at 6.00 p.m. on 31 March 2009 will receive 33 pence in cash for every Ordinary Share held. It is expected that cheques will be despatched to Shareholders on 14 April 2009.\nAll capitalised terms in this announcement have the same meanings as set out in the circular that was sent to shareholders on 23 February 2009.\n\nFor further information: \n\n\n\n\n\nAurum Mining plc\n\n\nTel: 020 7478 9050\n\n\n\n\nMark Jones, Chief Executive Officer\nChris Eadie, Chief Financial Officer\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\n\nNotes to editors \nAurum Mining, which joined the AIM market of the London Stock Exchange in May 2004, is a mining company focused on gold opportunities in the Former Soviet Union. Its principal asset is an exploration licence over the Andash gold and copper project in the Kyrgyz Republic. A mining licence for Andash Zone 1 was awarded by the Kyrgyz authorities in 2006. The feasibility study compiled by Wardell Armstrong International, also in 2006, confirmed a measured and indicated resource base of 19.2 million tonnes at 1.1 grams per tonne of gold and 0.4% copper, which equates to 1.1 million ozs of gold and gold equivalent. The Andash project also includes Zone 2 and Zone 3 along with Tokhtonysay, Nakhodka and three other additional exploration areas.\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCSSEFSFSUSEIL \n ","length":3702,"tagName":"div"}]