Last checked at 2 Oct 2014 15:55
2 October 2014
China Nonferrous Gold Limited
(‘CNG’ or ‘the Company’)
AIM: CNG
Issue of Shares
China Nonferrous Gold Limited (AIM: CNG) announces that 100,000 ordinary shares in the Company have been issued pursuant to the exercise of 100,000 options at a price of £0.1625 per share. Aggregate funds of £16,250 have been received by the Company.
Application has been made for the shares issued to be admitted to trading on the AIM Market of the London Stock Exchange and dealings are expected to commence on 8 October 2014. The new ordinary shares will rank pari passu with the Company's existing ordinary shares. Following admission there will be 381,642,291 ordinary shares in issue.
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) 203 693 1470
Project Summary
The Projects are located in the Vahdat region of Tajikistan, which is along 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 in December 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