4 Dec 2017 07:00
BMR Group PLC
("BMR", the "Group" or the "Company")
Star Zinc update
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
The Board notes the announcement by Galileo Resources Plc this morning concerning the Star Zinc project.
The Board of BMR is pleased to confirm that, following the payment by BMR to Bushbuck Resources Limited ("Bushbuck") of US$300,000, in accordance with the agreement summarised in the announcement of 5 September 2017, the Republic of Zambia Ministry Mines and Minerals Development confirmed on 1 December 2017 receipt of the request by Bushbuck to transfer the Star Zinc licence (19653-HQ-LEL) to Enviro Processing Limited, a subsidiary of BMR.
A further announcement will be made in due course.
For further information:
BMR Group PLC 020 7734 7282
Alex Borrelli, CEO and Chairman
WH Ireland Limited 020 7220 1666
NOMAD and Joint Broker
Chris Fielding, Head of Corporate Finance
Peterhouse Corporate Finance 020 7469 0930
Joint Broker
Lucy Williams/ Duncan Vasey/ Heena Karani