Return of Capital - Timetable

RNS Number : 9753O

Aurum Mining PLC

17 March 2009

 



17 March 2009

AURUM MINING PLC

('Aurum' or 'the Company')

Clarification of relative details and dates regarding 

the proposed return of capital

Aurum Mining plc (AIM: AUR), the gold mining company focussed on the Former Soviet Union (FSU) and whose principal asset is the Andash Project in the Kyrgyz Republic, would like to clarify the relative details and dates for the proposed return of capital to shareholders.

The relative dates, subject to High Court confirmation of the capital reduction on 1st April 2009, are as follows;

11/03/2009 - General Meeting to consider the return of capital proposal

27/03/2009 - Last day for delivery via CREST Courier and Sorting Service (CCSS) to enable registration by the Record Date

31/03/2009 - Record date (6.00pm) for B Shares *

01/04/2009 - Court hearing to confirm the Reduction of Capital

02/04/2009 - Expected Ex date

14/04/2009 - Despatch of Cheques

* the B Shares will not be admitted to trading on AIM and will not be transfereable or renounceable

For further information and for details of the restrictions placed on overseas persons, please refer to the formal document, or Stock Situation Notice 184/2009/3 released by the Stock Exchange on 11 March 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.

 

END

 

 

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