Last checked at 3 Dec 2012 07:00
3 December 2012
CENTRAL ASIA METALS PLC
("CAML" or the "Company")
Termination of exclusivity period with Mongolian Resource Corporation
Further to the announcement on 11 September 2012, Central Asia Metals plc (AIM:CAML) announces that it has now ended the exclusivity period with Mongolian Resource Corporation ("MUB") for the sale of two of the Company's Mongolian projects, Ereen and Handgait.
Discussions remain ongoing between CAML and MUB over the sale but MUB has been unable to raise the funding required at this stage.
CAML will continue the sale process with other interested third parties and has maintained the services of Cutfield Freeman & Co. to advise.
Enquiries:
Central Asia Metals plc Nick Clarke +44 (0) 20 7898 9001
Nigel Robinson
Canaccord Genuity Limited Andrew Chubb +44 (0)20 7253 8500Rob Collins
Mirabaud Securities LLP Peter Krens +44 (0)20 7878 3362
Pelham Bell Pottinger Charles Vivian +44 (0)20 7861 3232Lorna Spears