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Disposal

16 Apr 2013 09:29

RNS Number : 4448C
Triple Plate Junction Plc
16 April 2013
 



 

Triple Plate Junction Plc

("TPJ" or the "Company")

 

Crater Mountain Joint Venture - Sale of 8% Interest to Gold Anomaly

 

TPJ, the AIM-listed exploration company focused on South East Asia, has agreed to sell its 8% interest in the Crater Mountain joint venture , a pre-revenue gold exploration project in Papua New Guinea to the operator, Gold Anomaly Ltd (GOA) for a cash payment of $200,000.

 

The payment will be placed in escrow by GOA, pending the formal transfer of the interest and its approval by the Government of Papua New Guinea. Once transfer is completed, the payment will be released to TPJ. The agreement has been signed by TPJ and GOA and is subject to the establishment of the escrow and PNG Government approval of the transfer. TPJ will use the cash to fund its current operations.

 

The disposal will leave TPJ with: three gold exploration projects in Papua New Guinea, namely Morobe, Manus Island and Wamum, partnered with Newmont, Newcrest and Barrick respectively; as well as a 10% interest in the Pu Sam Cap project in Vietnam. The Company continues to examine further opportunities as they arise.

 

 

Enquiries Triple Plate Junction plc

+44 (0)1273 601895

Christopher Goss

 

finnCap Ltd

+44 (0)20 7220 0500

Matthew Robinson/Christopher Raggett

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DISZMGMDRVNGFZG
Date   Source Headline
16th Sep 20147:00 amRNSProgress update
19th Aug 20147:00 amRNSBoard Appointment
31st Jul 20148:30 amRNSResult of AGM
7th Jul 20149:00 amRNSResults for the year ended 31 March 2014
2nd Jul 20145:11 pmRNSHolding(s) in Company
18th Jun 20149:15 amRNSUpdate re: Manus Island
9th Jun 20147:00 amRNSMovement in share price
19th May 20144:18 pmRNSChange of Name
13th May 20143:37 pmRNSResult of General Meeting
13th May 20147:00 amRNSPresentation at this afternoon's General Meeting
14th Apr 20148:48 amRNSUpdate
3rd Apr 20148:50 amRNSCrater Mountain - Receipt of Funds
13th Mar 20149:00 amRNSDatabase Licence and Royalty Agreement
3rd Mar 20149:08 amRNSUpdate
6th Feb 20143:05 pmRNSBoard appointment update
22nd Jan 201412:00 pmRNSBOARD APPOINTMENT AND PROJECT UPDATE
28th Nov 20137:00 amRNSINTERIM REPORT FOR SIX MONTHS TO 30 SEPTEMBER 2013
11th Oct 201312:20 pmRNSHolding(s) in Company
30th Sep 20133:45 pmRNSHolding(s) in Company
30th Sep 20133:45 pmRNSResult of AGM
30th Sep 20137:00 amRNSAGM Statement
17th Sep 20139:53 amRNSHolding(s) in Company
7th Aug 201310:15 amRNSManus Island Update
31st Jul 20131:30 pmRNSHolding(s) in Company
29th Jul 201311:04 amRNSHolding(s) in Company
26th Jul 20137:00 amRNSAnnual Financial Report
21st May 20137:00 amRNSOperational Update
16th Apr 20139:29 amRNSDisposal
12th Feb 20138:10 amRNSManus Island Update
25th Jan 20137:00 amRNSProject Updates - Papua New Guinea
18th Dec 20127:00 amRNSDirectorate Change
11th Dec 20127:00 amRNSDivestment of Vietnam Asset
3rd Dec 20127:33 amRNSMorobe update
23rd Nov 20127:00 amRNSHalf Yearly Report
14th Nov 20121:00 pmRNSManus Island Drilling Update
1st Nov 20127:00 amRNSChange of Adviser
31st Oct 20127:00 amRNSTotal Voting Rights
17th Oct 201210:59 amRNSDrilling Announcement
15th Oct 20129:27 amRNSDivestiture of Vietnam Assets
26th Sep 20127:00 amRNSManus Island Drilling Update
17th Aug 20122:36 pmRNSResult of AGM
4th Jul 20122:07 pmRNSGrant of Options
2nd Jul 20127:00 amRNSResults for the year ended 31 March 2012
11th Jun 20127:00 amRNSDrilling Update
3rd Apr 201211:20 amRNSCommencement of drilling at Manus Island
12th Mar 20129:52 amRNSDirectors' Dealings
9th Mar 20127:00 amRNSHolding(s) in Company
8th Mar 20127:00 amRNSDirector/PDMR Shareholding
27th Feb 20122:26 pmRNSProject Update - Crater Mountain
16th Feb 20127:00 amRNSRE: Newcrest's Q4 2011 Exploration Report

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