Re-registration of Cholokkaindy Licence Approved

RNS Number : 0291H

Premier Gold Resources PLC

14 June 2013

 



Embargoed: 0700hrs 14 June 2013

Premier Gold Resources plc

("Premier Gold" or the "Company")

Re-registration of Cholokkaindy Licence Approved

Premier Gold (AIM: PGR), the Central Asia-focused gold exploration and development company operating in the Kyrgyz Republic, is pleased to announce that the State Agency for Geology and Mineral Resources, the controlling mining authority in the Kyrgyz Republic, has approved the Company's application to re-register the Cholokkaindy licence (the "Licence") to the Company's subsidiary Premier Asia Resources LLC ("PAR").

The Licence was previously registered to Alji LLC, a subsidiary of PAR. The re-registration therefore removes a layer from the organisational structure and simplifies the corporate reporting procedure.

There is no change to the Company's interest in the Licence (80%), or to the terms of the Licence which remains valid until 31 December 2017, as a result of this re-registration.

There remains a lithium licence registered to Alji LLC (acquired as part of the acquisition of Central Asia Resources in March 2012). The lithium project has always been considered by the Company to be non-core and will be returned, along with Alji, to its previous holder.

Contacts:

Premier Gold Resources Plc
Richard Nolan, CEO	020 7953 4028
Sanlam Securities UK Limited (Nominated Adviser and Broker)
Lindsay Mair / Richard Goldsmith	020 7628 2200
M: Communications
Ben Simons / Matthew Neal	020 7920 2340

For further information please visit: www.premiergoldresources.com 

 

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