|
31 March 2010 |
AURUM MINING PLC
("Aurum" or "the Company")
Aurum Mining Plc announces that is has reached commercial agreement with Kentor Gold Limited ("Kentor") for the acquisition of its remaining 10 per cent. interest in the Andash asset for a consideration of US$2.2 million, to be paid in three instalments by 30 July 2010. In addition to the cash consideration, Kentor will be releasing Aurum from the indemnities and warranties made in the original purchase contract.
The commercial agreement is still subject to both Kentor undertaking due diligence, expected to conclude within 14 business days, and upon Investcenter Talas LLC waiving their pre-emptive right to the acquisition.
For further information:
|
Aurum Mining plc |
Tel: 020 7499 4000 |
|
Mark Jones, Chief Executive Chris Eadie, Chief Financial Officer |
|
|
Arbuthnot Securities |
Tel: 020 7012 2000 |
|
John Prior |
|
|
Richard Johnson |
This information is provided by RNS