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IN BRIEF: Empire Metals sells Georgian Copper & Gold 50% stake

Thu, 10th Jun 2021 14:33

Empire Metals Ltd - London-based resource exploration and development company - Completes sale of its 50% interest in Georgian Copper & Gold for USD3.3 million in cash.

Managing Director Shaun Bunn comments: "Having now completed the sale of our 50% interest in GCG our cash at bank now sits at a healthy GBP3.1 million, putting us in a strong financial position to continue to create shareholder value principally from the Eclipse and Central Menzies Gold Projects in Western Australia."

Empire Metals' primary focus is on the Eclipse and Central Menzies gold projects in Western Australia but it also holds a portfolio of three precious metals projects in Austria.

Current stock price: 2.99 pence, down 2.0% Thursday afternoon

Year-to-date change: down 21%

By Will Paige; willpaige@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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