Update on sale of Mongolian projects

RNS Number : 5126S
Central Asia Metals PLC
03 December 2012
 



3 December 2012

 

CENTRAL ASIA METALS PLC

("CAML" or the "Company")

 

Termination of exclusivity period with Mongolian Resource Corporation

 

Further to the announcement on 11 September 2012, Central Asia Metals plc (AIM:CAML) announces that it has now ended the exclusivity period with Mongolian Resource Corporation ("MUB") for the sale of two of the Company's Mongolian projects, Ereen and Handgait. 

 

Discussions remain ongoing between CAML and MUB over the sale but MUB has been unable to raise the funding required at this stage.

 

CAML will continue the sale process with other interested third parties and has maintained the services of Cutfield Freeman & Co. to advise.

 

 

Enquiries:

Central Asia Metals plc                     Nick Clarke                  +44 (0) 20 7898 9001

                                                            Nigel Robinson           

 

Canaccord Genuity Limited              Andrew Chubb             +44 (0)20 7253 8500
Rob Collins

 

Mirabaud Securities LLP                   Peter Krens                  +44 (0)20 7878 3362

 

Pelham Bell Pottinger                       Charles Vivian             +44 (0)20 7861 3232
Lorna Spears

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCKLLFBLLFLFBL
UK 100