Business
Termination of Offer Period
Termination of Offer Period.
About this update from Shearwater Group Plc
[{"type":"text","content":"\n RNS Number : 1533M Aurum Mining PLC 23 January 2009 \n \n\n\n\n\n\n\n\n23 January 2009\n\n\n\n\n\n\n\n\n\nAURUM MINING PLC\n('Aurum' or 'the Company')\n\nTermination of Offer Period\n\n\nAurum Mining plc (AIM: AUR), the gold mining company focussed on the Former Soviet Union (FSU) and whose principal asset is the Andash Project in the Kyrgyz Republic, confirms that they have now ceased discussions with all parties who had an interest in making an offer for the Company. \n\nAurum is therefore no longer in an Offer Period for the purposes of the Takeover Code.\n\nThe Board will continue to seek and evaluate opportunities to ensure the maximisation of value from its Andash asset.\n\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\n\n\n\n\n\n\n\n\nArbuthnot Securities\n\n\nTel: 020 7012 2000\n\n\n\n\nJohn Prior/James Steel\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBuchanan Communications\n\n\nTel: 020 7466 5000\n\n\n\n\nMark Court / Rebecca Skye Dietrich\n\n\n\n\n\n\n\n\n\nNotes to editors \n\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.\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCSELFSDSUSEIF \n ","length":5321,"tagName":"div"}]