Reduction of Capital - Court

RNS Number : 9182P

Aurum Mining PLC

01 April 2009

 



1 April 2009

AURUM MINING PLC

('Aurum Mining')

Court approves Reduction of Capital

Aurum Mining announces that it has received Court approval for the Reduction of Capital. The Reduction of Capital will become effective once the order granted by the Court has been registered at Companies House. This approval means that every Shareholder who was on the register of members as at 6.00 p.m. on 31 March 2009 will receive 33 pence in cash for every Ordinary Share held. It is expected that cheques will be despatched to Shareholders on 14 April 2009.

All capitalised terms in this announcement have the same meanings as set out in the circular that was sent to shareholders on 23 February 2009.

For further information: 

Aurum Mining plc	Tel: [phone]
Mark Jones, Chief Executive Officer Chris Eadie, Chief Financial Officer
Arbuthnot Securities	Tel: [phone]
John Prior

Notes to editors 

Aurum Mining, which joined the AIM market of the London Stock Exchange in May 2004, is a mining company focused on gold opportunities in the Former Soviet Union. Its principal asset is an exploration licence over the Andash gold and copper project in the Kyrgyz Republic. A mining licence for Andash Zone 1 was awarded by the Kyrgyz authorities in 2006. The feasibility study compiled by Wardell Armstrong International, also in 2006, confirmed a measured and indicated resource base of 19.2 million tonnes at 1.1 grams per tonne of gold and 0.4% copper, which equates to 1.1 million ozs of gold and gold equivalent. The Andash project also includes Zone 2 and Zone 3 along with Tokhtonysay, Nakhodka and three other additional exploration areas.

 

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