Last checked at 10 Nov 2011 07:00
Kryso Resources plc
('Kryso' or the 'Company')
Government approves issue of Pakrut mining licence
Kryso Resources plc (AIM: KYS), the mineral exploration and development company with gold and nickel-copper projects in Tajikistan, is pleased to announce that the Government of the Republic of Tajikistan has, upon the recommendation of the Ministry of Energy and Industry, issued a governmental resolution approving the issuance of the Pakrut Project mining licence to LLC Pakrut, a 100% wholly owned subsidiary of the Company. The governmental resolution was signed by the President of the Republic of Tajikistan. This resolution will allow the Ministry of Energy and Industry to proceed with issuing a mining licence.
Managing Director of Kryso Resources, Craig Brown, commented, "We are pleased with this development and the continued support from the Government of Tajikistan. With confirmation that the mining licence will now be received, we look forward to continuing the development and financing of the project with a view to proceeding with mine construction in the spring of 2012."
For further information please contact:
| Kryso Resources PLC Craig Brown Anthony Schindler, Investor Relations | Tel: +44 (0) 20 7349 9160 Mobile: +44 (0) 7710 178 928 | ||
| Evolution Securities Jeremy Ellis/Tim Redfern/Romil Patel | Tel:+44 (0)20 7071 4300 | ||
| XCAP Securities plc John Grant / Jon Belliss | Tel: +44 (0) 207 101 7070 | ||
| Walbrook PR Bob Huxford
| Tel: +44 (0)20 7933 8780 Mobile: 07900 346 978
| ||
| Louise Mason | Tel: +44 (0)20 7933 8792 Mobile: 07850 593445 | ||
Copyright Business Wire 2011