LONDON (Alliance News) - Aurasian Minerals PLC on Wednesday said it has received USD750,000 for the sale of its stake in the Wamum project in Papua New Guinea.
The money will be used to fund Aurasian's Chadine project in Serbia and will enable the company to focus on the initial phase of drilling there, which is expected in the first half of 2016.
Aurasian added that due diligence is progressing well on the purchase of Moroccan Minerals Ltd, and the transaction is expected to complete in early 2016.
Shares in Aurasian Minerals were trading up 4.9% at 0.367 pence on Wednesday afternoon.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
