Three Year Extension Awarded for Licence PL001

RNS Number : 3990G

Argos Resources Ltd

05 August 2016

 

ARGOS RESOURCES LIMITED

("Argos" or "the Company")

Three Year Extension Awarded for Licence PL001

Argos Resources Limited (AIM: ARG.L), the Falkland Islands based company which  holds a 5% Overriding Royalty Interest in Licence PL001 in the North Falkland Basin, has been advised that a three-year extension to Licence PL001 has been approved by the Executive Council of the  Falkland Islands Government and by the UK Secretary of State for Foreign and Commonwealth Affairs.

This approval will extend the current Second Phase of the Licence to November 2019, after which a Third Licence Phase of 10 years is available to the Licensees.

For further information:

Argos Resources Limited

([phone])

www.argosresources.com

Ian Thomson, Chairman

John Hogan, Managing Director

Cenkos Securities plc (Nomad & Broker)

Derrick Lee ([phone])

Neil McDonald ([phone])

This announcement contains inside information.

 

END

 

 

MSCKELBBQVFFBBB