Approval for Sekisovskoye Development Plans

RNS Number : 7083O

GoldBridges Global Resources PLC

11 August 2014

 



August 11, 2014

GoldBridges Global Resources plc

("GoldBridges" or the "Company")

GoldBridges Global Resources receives approval for its Sekisovskoye development plans from the Ministry of Industry and New Technologies

GoldBridges Global Resources plc is pleased to announce that its Sekisovskoye mine development project has been approved by the Ministry of Industry and New Technologies (MINT) for inclusion in the State Program on Forced Industrial-Innovative Development (SPFIID).

According to the terms of the SPFIID, the government will build infrastructure to expand the current connection of the Sekisovskoye project to main electricity and transportation networks.

The SPFIID was established in 2010 as part of President Nazarbayev's initiatives for modernisation of the Kazakhstan economy and pledges state support to selected projects by providing financing facilities such as grants and low interest loans, infrastructure development and policies to remove bureaucratic hurdles

Aidar Assaubayev, CEO of GoldBridges Global Resources Plc. commented:

"We are delighted to receive MINT approval, which is a very important step in the development of the Sekisovskoye project."

______________________

GoldBridges Global Resources plc

SPFIID website: www.pfiir.kz

For further information, please contact:

GoldBridges Global Resources plc

Rajinder Basra, CFO                                                                            [phone]

Strand Hanson (Nomad and Joint Broker)

Andrew Emmott

James Spinney

Ritchie Balmer                                                                                       [phone]

Peat & Co. (Joint Broker)

John Beaumont, COO and Head of Research                                         [phone]

Blytheweigh  (Financial PR)                                         

Tim Blythe

Halimah Hussain

Camilla Horsfall                                                                                                                 [phone]

 

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