Last checked at 19 Jan 2015 07:00
China Nonferrous Gold Limited 中国有色黄金有限公司
(“CNG” or the “Company”)
Directors Dealings
China Nonferrous Gold Limited 中国有色黄金有限公司 (AIM: CNG), the mineral exploration and development company currently developing the Pakrut gold project in the Republic of Tajikistan, was notified on 17 January 2015 that Abuali Ismatov, a Non-Executive Director of CNG, has disposed of 485,000 ordinary shares in the Company on 16 January 2015 at an average price of 28.55 pence each. Following this disposal, Abuali Ismatov owns 6,615,000 ordinary shares in the Company, representing 1.73% of CNG’s issued share capital.
For further information please visit the Company’s website (www.cnfgold.com) or contact:
China Nonferrous Gold LimitedDavid Tang, Managing DirectorTel: +86 10 8442 6681
Investec Bank PlcJeremy Ellis, George PriceTel: +44 (0)20 7597 5970
Hume CapitalJon Belliss, Guy PetersTel: +44 (0)20 3693 1470
Project Summary
The Pakrut gold project, of which CNG has 100 per cent ownership, is situated in Tajikistan approximately 120km northeast of the capital city Dushanbe. Pakrut is located within the Tien Shan gold belt, which extends from Uzbekistan into Tajikistan, Kyrgyzstan and Western China, and which hosts a number of multi-million ounce gold deposits.
CNG is currently in a construction phase with mining contractors on site constructing the mine, plant and tailings dam.
About Tajikistan
Tajikistan is a secular republic located in Central Asia. The country is a member of the Commonwealth of Independent States and the Shanghai Cooperation Organisation. Tajikistan hosts numerous operating precious metal mines as well as the largest aluminium smelter in Central Asia. CNG's management team has extensive experience in the mining industry in Tajikistan.
Copyright Business Wire 2015