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MOY Mollyroe Plc

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Share Name Share Symbol Market Type Share ISIN Share Description
Mollyroe Plc AQSE:MOY Aquis Stock Exchange Ordinary Share Shares
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
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- 0 GBX

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Date Time Title Posts
19/5/202413:40Moydow Mines with Charts & News11

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Posted at 19/10/2009 10:56 by r3covery
TIDMMOY

RNS Number : 9931A
Moydow Mines International Inc
19 October 2009

Toronto, Ontario:??MOYDOW MINES INTERNATIONAL INC. (the "Company") is issuing a
press release regarding recent market speculation at the request of market
regulation services on behalf of the Toronto Stock Exchange and in compliance
with the AIM Rules.
As previously reported, the Company has received unsolicited offers for its 2%
net smelter return royalty on the Ntotoroso gold property in Ghana and has
appointed Sierra Partners LLC of Denver as financial advisor to consider
strategic options to maximize shareholder value and it has held preliminary
discussions with third parties expressing an interest in a potential transaction
with the Corporation. While such preliminary discussions are ongoing, no
assurance can be given that a transaction will be completed.
These alternatives may include but are not limited to strategic alliances,
financing opportunities, mergers, acquisitions, a sale of all or part of the
business, or such other alternatives that are considered to be in the best
interest of the Company's shareholders. There can be no assurance that the
strategic review process will be successful and the Company may discontinue the
strategic review process at anytime.
The Company further brings to the attention of the market certain information
made public by Newmont Mining Corporation. Newmont has made public the fact that
it is evaluating the potential of an underground mining operation at its Ahafo
Mine in Ghana, a portion of which concerns land over which the Company holds a
2% net smelter return royalty.
More particularly, Newmont has indicated that an underground operation has the
potential to expand the reserves and resources of the Subika deposit by between
4 and 7 million ounces.
The Company is engaged in the acquisition, exploration and development of
mineral properties worldwide. Corporate information is available on the
Company's website www.moydow.com The Company is listed on the Toronto Stock
Exchange and the AIM Market of the London Stock Exchange under the symbol
"MOY".For further information please contact Michael Power, Vice President,
Corporate Development at 416-703-3751
On behalf of the Board of Directors
"Signed"Brian Kiernan, President and Chief Executive Officer


Enquiries:
Davy Corporate Finance
Ivan Murphy / Anthony Farrell
Phone: +353 1 679 6363



This information is provided by RNS
The company news service from the London Stock Exchange
END

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Mollyroe share price data is direct from the London Stock Exchange

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