Sale of Orca Shares

RNS Number : 0671A

Resolute Mining Limited

31 January 2022

 

31 January 2022

Resolute Mining Limited

(Resolute or the Company)

Sale of Orca Shares

Resolute Mining Limited (Resolute or the Company) (ASX/LSE: RSG) has agreed to sell its 39,092,233 common shares in Orca Gold Inc (Orca) to Perseus Mining Limited for total consideration of ~US$13.7 million.

The sale was executed at C$0.4476 per Orca share representing the 10-day VWAP of Orca on the TSX-V to 28 January 2022.

The sale of Resolute's holding in Orca was undertaken as part of Resolute's strategic focus on its core operating assets and to strengthen the balance sheet.

A full PDF version of the announcement is available from the Company's website: link to announcement .

Contact information

Resolute Stuart Gale, Chief Executive Officer James Virgo, GM Finance & IR Telephone: [phone] Email: [e-mail] U34T Web: www.rml.com.au 34T Follow Resolute

Berenberg (UK Corporate Broker) Matthew Armitt / Detlir Elezi Telephone: [phone] Tavistock (UK Public Relations ) Jos Simson / Oliver Lamb Telephone: [phone] Email: [e-mail] FTI Consulting (Australian media) Cameron Morse / James Tranter Telephone: [phone] Email: [e-mail]

Authorised by Mr Stuart Gale, Chief Executive Officer

 

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