4 Jun 2008 16:05
ο»Ώ
|
For immediateΒ release |
4 JuneΒ 2008 |
AURUM MINING PLC
("Aurum" or "the Company")
Andash Project Update
Aurum Mining plcΒ (AIM: AUR)Β is giving anΒ updateΒ to the market following theΒ announcement made onΒ 29Β MayΒ 2008.
In the civil case, in which the Company's wholly owned subsidiaries Andash Mining Company and Kaldora Company Limited are named asΒ co-defendantsΒ by Marsa AG, theΒ Bishkek Inter-District CourtΒ ofΒ KyrgyzstanΒ has referred the case back to the Bishkek City CourtΒ ofΒ Kyrgyzstan. This referral was legally required due to the fact that the Bishkek City Court did not fulfil its requirements when the case was originally referred to it for jurisdictional clarification.Β The Bishkek City Court is required to hear the claim by 29 June 2008.
In a separate development, Aurum has successfully obtained aΒ substantialΒ freezing order inΒ LiechtensteinΒ overΒ the bank accountsΒ of MarsaΒ AGΒ in order to secure a potential claim againstΒ MarsaΒ AGΒ for fraudulent and malicious litigation againstΒ the Aurum Group.Β The supporting statement of claim has also been lodged with theΒ Liechtenstein Court.
The Aurum Board views the obtaining of thisΒ freezing orderΒ as an importantΒ step in the resolution ofΒ theΒ civil case inΒ Kyrgyzstan.
A further announcement will be made in due course.
For further information:Β
|
Aurum Mining plc |
Tel: 020 7478 9050 |
|
Mark Jones, Chief Executive Chris Eadie, Chief Financial Officer |
|
|
Arbuthnot Securities |
Tel: 020 7012 2000 |
|
John Prior |
|
|
Buchanan Communications |
Tel: 020 7466 5000 |
|
Mark CourtΒ Rebecca Skye Dietrich |
|
Follow the stocks