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7 Aug 2014 13:57
China Nonferrous Gold Limited
(‘CNG’ or the ‘Company’)
HKEx Listing Update
China Nonferrous Gold Limited (AIM: CNG), the mineral exploration and development company currently developing the Pakrut gold project in the Republic of Tajikistan (the “Project”), announces that The Stock Exchange of Hong Kong Limited (“HKEx”) has today published a Return Decision, noting that the HKEx has not accepted the Company’s initial application for a proposed listing on the HKEx dated 30 June 2014 (“Listing Application”). This is primarily due to the fact that the independent technical report submitted as part of the Listing Application was not updated to a date as required by the HKEx’s listing rules. The Company intends to reapply to the HKEx as soon as practicable in line with regulatory timetables and will provide an update in due course.
For further information please visit the Company’s website (www.cnfgold.com) or contact:
China Nonferrous Gold Limited
David Tang, Managing Director
Tel: +86 10 8442 6681
Investec Bank Plc
Jeremy Ellis, George Price
Tel: +44 (0)20 7597 5970
Hume Capital
Jon Belliss, Guy Peters
Tel: +44 (0)20 3693 1470
Blytheweigh
Paul Weigh, Tim Blythe, Halimah Hussain
Tel: +44 (0)20 7138 3204
Project Summary
The Projects are located in the Vahdat region of Tajikistan, which is on the southern side of the Tien-Shan Gold Belt, one of the most prolific gold belts in the world.
The Company’s flagship Pakrut Project contains millions of ounces of gold reserves and resources, which is currently at the construction stage. The Group’s primary focus is to bring the Pakrut Project to the production stage, which is expected to commence production of gold ingots during the fourth quarter of 2014.
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 2014
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