Corporate Update

RNS Number : 5517A

Georgian Mining Corporation

29 December 2017

 

Georgian Mining Corporation / EPIC: GEO / Sector: Natural Resources

29 December 2017

Georgian Mining Corporation ('GEO' or the 'Company')

Corporate Update

Georgian Mining Corporation announces that it is in the final stages of negotiation with Caucasian Mining Group, its 50% partner in Georgian Copper & Gold JSC ('GCG'), in relation to the 2018 exploration and development programme within the 860 sq km licence on the Tethyan Belt in Georgia.

The negiotiations have been expanded over the past weeks to include a comprehensive business plan, work programmes, the strengthening of the board of GCG as well as the framework agreement to develop and exploit the gold oxide production target at Kvemo Bolnisi East.

It is expected that the final agreements will be completed in early 2018 and a detailed announcement will follow.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

**ENDS**

For further information please visit www.georgianmining.com  or contact:

Greg Kuenzel	Georgian Mining Corporation	Company	Tel: [phone]
Ewan Leggat	S. P. Angel Corporate Finance LLP	Nomad & Broker	Tel: [phone]
Soltan Tagiev	S. P. Angel Corporate Finance LLP	Nomad & Broker	Tel: [phone]
Damon Heath	Shard Capital Partners LLP	Joint Broker	Tel: [phone]
Frank Buhagiar	St Brides Partners Ltd	PR	Tel: [phone]
Susie Geliher	St Brides Partners Ltd	PR	Tel: [phone]

 

END

 

 

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