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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
30th Sep 201011:45 amRNSHolding(s) in Company
30th Sep 201010:26 amRNSStatement to be made at today's AGM
29th Sep 20107:00 amRNSUpdate on Proposed Manus Island JV
24th Sep 201012:06 pmRNSUpdate re Morobe Gold JV
27th Aug 20107:00 amRNSPreliminary Results
20th Aug 20107:00 amRNSDirectorate Change
30th Jul 201010:55 amRNSUpdate
2nd Jul 20104:33 pmRNSFinancing Update
28th Jun 201012:00 pmRNSUpdate re Company and Appointments
3rd Jun 201012:56 pmRNSReview of assets and funding
1st Jun 20105:25 pmRNSBoard Appointments
1st Jun 201011:31 amRNSShare Divestment
14th Jan 20104:14 pmRNSHolding(s) in Company
4th Jan 201011:44 amRNSHolding(s) in Company
31st Dec 200911:00 amRNSInterim Results
31st Dec 200910:28 amRNSResult of AGM
22nd Dec 20097:00 amRNSHolding(s) in Company
21st Dec 200911:58 amRNSHolding(s) in Company
9th Dec 20097:00 amRNSRestoration - Triple Plate Junction plc
8th Dec 20094:38 pmRNSNotice of AGM
8th Dec 20094:38 pmRNSPreliminary Results & Restoration of Trading
29th Oct 20092:01 pmRNSUpdate re Annual Report and Accounts
8th Oct 20097:56 amRNSCompletion of Sale
29th Sep 20097:00 amRNSTemporary Suspension in Share Trading
29th Sep 20097:00 amRNSSuspension - Triple Plate Junction plc
24th Sep 200911:00 amRNSTrading Update
14th Aug 20097:00 amRNSBoard Changes
12th Jun 20093:12 pmRNSHolding(s) in Company
26th May 200910:35 amRNSTrading Update
24th Mar 20092:00 pmRNSExploration & Trading Update
12th Feb 200910:00 amRNSTrading Update
29th Jan 20094:35 pmRNSHolding(s) in Company
31st Dec 20087:00 amRNSInterim Results
24th Dec 20087:00 amRNSTPJ deal with Newmont Ventures Limited
2nd Dec 20089:52 amRNSTrading Update
3rd Nov 200811:39 amRNSBuyout of Morobe Block Joint Venture Agreement
24th Oct 20089:55 amRNSBoard Change
23rd Oct 20083:56 pmRNSResult of AGM
15th Oct 20084:18 pmRNSHolding(s) in Company
30th Sep 20087:00 amRNSPreliminary Results
18th Aug 20084:04 pmRNSAdmission of New Ordinary Sha
15th Aug 200810:13 amRNSNOTIFIABLE INTEREST
31st Jul 20086:07 pmRNSPlacing
24th Dec 20077:01 amRNSPlacement
21st Dec 20072:52 pmRNSInterim Results
28th Nov 20077:00 amRNSBoard Changes
20th Nov 20072:51 pmRNSDirectorate Change
15th Nov 200712:55 pmRNSResult of AGM
22nd Oct 20077:01 amRNSAU$5 Million Joint Venture
28th Sep 20074:09 pmRNSAnnual Report and Accounts

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