Thu, 19th Mar 2015 07:00
19 March 2015
China Nonferrous Gold Limited ??????????
(‘CNG’ or ‘the Company’)
Issue of Shares
China Nonferrous Gold Limited ?????????? (AIM: CNG) announces that 750,000 ordinary shares have been issued pursuant to the exercise of 750,000 options at a price of £0.1625 per share. Aggregate funds of £121,875 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 24 March 2015. The new ordinary shares will rank pari passu with the Company's existing ordinary shares. Following admission there will be 382,392,291 ordinary shares in issue.
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
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.
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