28 Sep 2018 09:42
Kemin Resources plc
(“Kemin” or the “Company”)
Temporary suspension
Kemin Resources Plc (AIM: KEM), the exploration and development company with substantial interests in Kazakhstan, announces a temporary suspension of trading in its shares.
The Company is in the process of changing its Nominated Advisor and will update shareholders as this process moves forward. Shares will be temporarily suspended from trading until the Nominated Adviser is appointed.
For further information, please visit http://www.keminresources.com or contact:
Kemin Resources Plc
Rajinder Basra (Chief Financial Officer)
+44(0)207 932 2456
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.
Information on the Company
Kemin Resources plc (AIM: KEM) was formed into its present structure in April 2013 by the reverse take-over of GMA Resources plc by the ‘Joint Venture Kazakh-Russian Mining Company LLP’ (KRMC).
The Company is focused on developing its mineral resources including molybdenum, tungsten and lithium deposits Drozhilovskoye and Smirnovskoye. Each of the deposits is assessed to have significant value.
Kemin’s 90% owned Kazakh entity, KRMC, is the developer and future operator of the two subsoil licences that allow exploration and mining at each deposit.
Both deposits are located in northern Kazakhstan.
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