Amara Mining Regulatory News (AMA)

10 Jan 2005 07:00

Cluff Gold PLC10 January 2005 10 January 2005 Cluff Gold Completes Acquisition of Options from Ridge Mining Cluff Gold plc has completed the acquisition of the entire issued share capitalof both Cluff Mining (West Africa) Limited (a subsidiary of which has a 78%interest in the Kalsaka Gold project in Burkina Faso) and Cluff Mining(Zimbabwe) Holdings Limited from the Ridge Mining Group for a totalconsideration of US$5.01million. The acquisitions were made following the exercise of options contained inagreements made on 10 February 2004 (and amended on 10 September 2004) between(i) Ridge Gold Mines Limited, Cluff Gold UK Limited and Ridge Mining plc inrespect of the shares in Cluff Mining (West Africa) Limited; and (ii) Ridge GoldMines Limited and Cluff Gold UK Limited in respect of the shares in Cluff Mining(Zimbabwe) Holdings Limited. The consideration payable in respect of eachagreement was US$5million and US$10,000 respectively. Ends For further information, please contact: Cluff Gold Numis Securities Parkgreen CommunicationsJ.G. Cluff / Douglas Chikohora John Harrison Justine Howarth / Cathy MalinsChairman / Technical Director Tel: 020 7776 1500 Tel: 020 7493 3713Tel: 020 7340 9790 This information is provided by RNS The company news service from the London Stock Exchange