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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
15th Feb 20125:21 pmRNSHoldings in Company
13th Feb 20127:52 amRNSProject Update - Crater Mountain
13th Feb 20127:01 amRNSProject Update - Crater Mountain
10th Feb 201212:55 pmRNSProject Update - Morobe - Replacement
10th Feb 201210:19 amRNSProject Update - Morobe
7th Feb 201211:15 amRNSProject Update - Crater Mountain
31st Jan 20125:12 pmRNSIncentivisation Arrangements - JSOP
27th Jan 20127:56 amRNSProject Update - Crater Mountain
26th Jan 20127:00 amRNSProject Update - Crater Junction
19th Jan 20122:32 pmRNSMorobe Update - Gumots Drilling
30th Dec 20111:01 pmRNSProject Update - Crater Mountain
30th Dec 201110:29 amRNSMorobe Update
30th Dec 20117:00 amRNSTotal Voting Rights
23rd Dec 20111:05 pmRNSArbitration Proceedings
23rd Dec 20111:01 pmRNSProject Update - Crater Mountain
21st Dec 20119:14 amRNSProject update - Crater Mountain
16th Dec 201110:45 amRNSIssue of Equity; Registered Office
14th Dec 20119:43 amRNSProject Update - Crater Mountain
6th Dec 201110:45 amRNSUpdate on Manus Island
30th Nov 20119:37 amRNSInterim Report
25th Nov 20117:00 amRNSProject Update - Crater Mountain
24th Nov 201110:07 amRNSProject Update - Crater Mountain
17th Nov 20119:10 amRNSProject Update - Crater Mountain
17th Nov 20117:00 amRNSChange of Adviser
31st Oct 20117:00 amRNSTotal Voting Rights
25th Oct 201110:05 amRNSProject Update - Crater Mountain
10th Oct 201110:12 amRNSProject Update - Crater Mountain
30th Sep 20114:32 pmRNSResult of AGM
30th Sep 20117:00 amRNSTotal Voting Rights
27th Sep 20117:00 amRNSIssue of Equity
13th Sep 20111:16 pmRNSProject Update - Crater Mountain
7th Sep 20113:45 pmRNSAppointment of Adviser
5th Sep 201110:52 amRNSNotice of AGM - Correction
2nd Sep 20113:27 pmRNSNotice of AGM
25th Aug 20117:00 amRNSFinal Results
12th Aug 201111:01 amRNSThe Crater Mountain Project
1st Aug 20117:00 amRNSTotal Voting Rights
29th Jul 20113:56 pmRNSProject Update - Pu Sam Cap
26th Jul 20118:57 amRNSProject Update - Crater Mountain
21st Jul 20114:33 pmRNSProject Update - Crater Mountain
19th Jul 20117:00 amRNSDrilling Commences at Hide's Creek
12th Jul 20113:41 pmRNSProject Update - Crater Mountain
6th Jul 201111:29 amRNSProject Update - Crater Mountain
1st Jul 20117:00 amRNSIssue of Equity and Directors' Interests
29th Jun 201110:16 amRNS"Heli-mag" Survey Commences at Manus Island
16th Jun 20118:38 amRNSHolding(s) in Company
12th May 201111:11 amRNSProject Update - Crater Mountain
4th May 20117:00 amRNSIntended Issue of Options
3rd May 201110:16 amRNSProject Update - Crater Mountain
11th Apr 20117:00 amRNSCommencement of Drilling

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