Shearwater Group PlcLSE: SWG

Sale of Andash Stake - Update

· Issued by Shearwater Group Plc
RNS Number : 5451K
Aurum Mining PLC
21 April 2010
 

For Immediate release

21 April 2010

AURUM MINING PLC

("Aurum" or "the Company")

10% Andash disposal update

Aurum Mining plc (AIM: AUR) announces that following recent events in Kyrgyzstan, the agreement under which Kentor Gold Limited ("Kentor'') was to acquire Aurum's remaining 10% interest in the Andash Project has been terminated.

It is still the intention of both parties to complete the sale as soon as possible and to this end Kentor and Aurum are working on a revised Sale and Purchase agreement that fully reflects recent events in Kyrgyzstan.

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
The company news service from the London Stock Exchange
 
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