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Darasun Sale Completion

24 Oct 2007 12:00

Highland Gold Mining Limited24 October 2007 Highland Gold Mining Limited CLOSING OF THE SALE OF THE DARASUN MINES October 24, 2007 Following on from the announcement made on 8 August 2007 and after further finalnegotiations, Highland Gold Mining Limited ("Highland Gold" or the "Company") ispleased to announce that it has now completed the sale of its 100% share in OOODarasunsky Rudnik, owner of the Darasun, Teremky and Talatui mines in the ChitaRegion, Russia, for total cash proceeds of US$15mln and retention of certainmining equipment that will be used elsewhere within the Highland Goldoperations. US$3mln of the proceeds have been received and US$7mln should to bepaid by the end of 2007 and US$5mln by the end of the first quarter 2008. Theshareholders of the purchaser have issued a guarantee to Highland Gold to securethe outstanding payment obligations. - ENDS - For further informationplease contact: Henry Horne, Managing Director Dmitry Yakushkin, Director of Communications Moscow: + 7 (495) 777 31 55 Dominic Palmer-Tomkinson, Head of Investor Relations London: +44 20 7239 0149 or, Fin Public Relations, Alex Glover on +44 20 7608 2280 Michael Wentworth-Stanley, JPMorgan Cazenove (Nominated Adviser) +44 (0) 207 588 2828 This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
17th Sep 20204:30 pmRNSRegulatory Approval
17th Sep 20202:34 pmBUSFORM 8.3 - HIGHLAND GOLD MINING
17th Sep 20201:58 pmBUSForm 8.3 - Highland Gold Mining Ltd
17th Sep 202011:44 amRNSForm 8.5 (EPT/NON-RI)
16th Sep 20201:50 pmBUSForm 8.3 - HIGHLAND GOLD MINING LTD
16th Sep 20209:04 amRNSForm 8.5 (EPT/NON-RI)
16th Sep 20208:54 amRNSForm 8.5 (EPT/RI)
15th Sep 20203:30 pmBUSForm 8.3 - HIGHLAND GOLD MINING LTD
15th Sep 20208:55 amRNSForm 8.5 (EPT/RI)
14th Sep 202011:36 amBUSForm 8.3 - Highland Gold Mining Ltd
14th Sep 202010:44 amRNSHolding(s) in Company
11th Sep 20201:58 pmBUSForm 8.3 - HIGHLAND GOLD MINING LTD
11th Sep 202011:50 amPRNForm 8.3 - Highland Gold Mining Ltd
11th Sep 202010:14 amRNSForm 8.5 (EPT/RI) - Amendment
11th Sep 202010:07 amRNSForm 8.5 (EPT/RI)
10th Sep 20202:22 pmBUSForm 8.3 - HIGHLAND GOLD MINING LTD - AMENDMENT
10th Sep 20201:57 pmRNSHolding(s) in Company
10th Sep 202011:49 amBUSForm 8.3 - Highland Gold Mining Ltd
10th Sep 202011:19 amPRNForm 8.3 - Highland Gold Mining Ltd
10th Sep 20208:55 amRNSForm 8.5 (EPT/RI)
9th Sep 20202:46 pmBUSForm 8.3 - Highland Gold Mining
9th Sep 202012:05 pmPRNForm 8.3 - Highland Gold Mining Ltd
9th Sep 202010:42 amBUSForm 8.3 - HIGHLAND GOLD MINING LTD
9th Sep 20208:15 amRNSForm 8.5 (EPT/RI)
8th Sep 20202:36 pmBUSFORM 8.3 - HIGHLAND GOLD MINING
8th Sep 202010:29 amBUSForm 8.3 - HIGHLAND GOLD MINING LTD
8th Sep 20208:07 amRNSForm 8.5 (EPT/RI)
7th Sep 20203:30 pmEQS***Amended*** Form 8.3 - Tibra Trading PTY Limited: Highland Gold Mining Ltd
7th Sep 20202:55 pmEQSForm 8.3 - Tibra Trading PTY Limited: Highland Gold Mining Ltd
7th Sep 202012:49 pmPRNForm 8.3 - Highland Gold Mining Ltd
7th Sep 202010:35 amRNSForm 8.5 (EPT/NON-RI)
7th Sep 202010:30 amBUSForm 8.3 - Highland Gold Mining Ltd
7th Sep 202010:07 amRNSForm 8.3 - Highland Gold Mining Ltd
7th Sep 20208:54 amRNSForm 8.5 (EPT/RI)
4th Sep 20202:55 pmEQSForm 8.3 - Tibra Trading PTY Limited: Highland Gold Mining Ltd
4th Sep 202012:06 pmPRNForm 8.3 - Highland Gold Mining Ltd
4th Sep 202011:47 amBUSForm 8.3 - Highland Gold Mining Ltd
4th Sep 20209:14 amRNSForm 8.5 (EPT/NON-RI)
4th Sep 20208:35 amRNSForm 8.5 (EPT/RI)
3rd Sep 20202:55 pmEQSForm 8.3 - Tibra Trading PTY Limited: Highland Gold Mining Ltd
3rd Sep 20201:21 pmPRNForm 8.3 - Highland Gold Mining Ltd
3rd Sep 202011:41 amBUSForm 8.3 - HIGHLAND GOLD MINING LTD
3rd Sep 20209:42 amRNSForm 8.3 - Highland Gold Mining Ltd
3rd Sep 20208:41 amRNSForm 8.5 (EPT/RI)
2nd Sep 20202:55 pmEQSForm 8.3 - Tibra Trading PTY Limited: Highland Gold Mining Ltd
2nd Sep 20202:55 pmBUSForm 8.3 - Highland Gold Mining Ltd
2nd Sep 202012:27 pmPRNForm 8.3 - Highland Gold Mining Ltd
2nd Sep 202010:19 amRNSForm 8.3 - Highland Gold Mining Ltd
2nd Sep 20209:07 amRNSForm 8.5 (EPT/RI)
2nd Sep 20207:00 amRNSForm 8.3 - Highland Gold Mining Limited

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