Sovereign Mines of Africa, the gold mining exploration company with properties in the Republic of Guinea, West Africa, has disposed of 2.0m ordinary shares of nil par value in AIM-listed Praetorian Resources, realising net proceeds of 398,000 pounds in cash. As at December 31st 2012, the shares were classified as a current asset with a fair value of £900,000. On completion, the company said it would hold 200,000 shares in Praetorian Resources.David Pearl, Chairman of Sovereign Mines of Africa, said: "We are delighted that we have been able to dispose of the majority of our Praetorian shares. The funds realised will support our ongoing exploration programme in Guinea and will also provide working capital to the company."Sovereign Mines' share price was unchanged at 2.12p at 08:05 on Friday.MF