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23 Dec 2010 08:00
AURUM MINING PLC ("the Company")
23 December 2010
STATEMENT re SUSPENSION
Aurum Mining plc (AIM: AUR) announces that, pursuant to the provisions of Rule 15 of the AIM Rules and in line with previous market updates, the Company's ordinary shares have been suspended from trading on AIM with effect from 8.00 a.m. this morning.
The Company and its new major Shareholders are already working well together with the sole objective of identifying and completing transactions that will transform the Company. The Board very much hope to be in a position for the suspension to be lifted as early as possible in the New Year.
If the Company does not complete a reverse takeover or implement its investing policy by 22 June 2011 it is possible that the Company's ordinary shares will be cancelled from trading on AIM at that time.
Chris Eadie, Chief Executive Officer, commented: ''While it is disappointed that it could not prevent the Company's shares from being suspended, the Board is looking forward to the future with great confidence and a good deal of excitement."
For further information:
Aurum Mining plc tel: 020 7499 4000
Chris Eadie, Chief Executive Officer
Arbuthnot Securities tel: 020 7012 2000
James Steel / Richard Johnson
END
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