strong financial position25 Aug 2021 22:55
0 June 2021
Empire Metals Limited ('Empire' or the 'Company')
Completion of Sale of 50% Interest in Georgian Copper & Gold
Empire Metals Limited, the AIM-quoted resource exploration and development company, is pleased to announce that it has completed the sale of its 50% holding in Georgian Copper & Gold JSC ('GCG') and the cash consideration totalling US$3.3 million has been received by the Company.
Shaun Bunn, Managing Director, said: "Having now completed the sale of our 50% interest in GCG our cash at bank now sits at a healthy £3.1 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."