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                  [phone]

                                                            Nigel Robinson           

Canaccord Genuity Limited              Andrew Chubb             [phone]
Rob Collins

Mirabaud Securities LLP                   Peter Krens                  [phone]

Pelham Bell Pottinger                       Charles Vivian             [phone]
Lorna Spears

 

END

 

 

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