Tectonic Gold Plc Sale of Holding inTirupati Graphite Plc

 
TIDMTTAU 
 
12 December 2019 
 
                               TECTONIC GOLD PLC 
 
                      ("Tectonic Gold" or the "Company") 
 
                   SALE OF HOLDING IN TIRUPATI GRAPHITE PLC 
 
Tectonic Gold plc (TDIM: TTAU) is pleased to announce the sale of its interest 
in Tirupati Graphite Plc ("Tirupati") for a consideration of GBP86,844. 
 
Tectonic Gold's predecessor, StratMin Global Resources Plc, made a seed 
investment of US$40,000 in Tirupati in 2016 to initiate a graphite project in 
Madagascar with historic joint venture partner, Tirupati Graphite Pvt. Ltd. 
India. With progress in this investment creating liquidity in the equity, 
Tectonic has divested the holding to focus on its Australian and South African 
projects. 
 
About Tectonic Gold: 
 
Tectonic Gold is a specialist gold exploration company, focused on the 
identification and delineation of large-scale, multimillion-ounce Intrusion 
Related Gold System ("IRGS") assets. Tectonic Gold holds a number of gold 
discoveries in the New England Orogen in Eastern Australia, a prolific gold 
region that is home to Australia's two largest gold production companies, 
Newcrest Mining and Evolution Mining. 
 
The Directors of the Company accept responsibility for the contents of this 
announcement. 
 
For further information, please contact: 
 
Tectonic Gold plc                                             [phone] 
Brett Boynton 
Sam Quinn 
www.tectonicgold.com 
@tectonic_gold 
 
NEX Exchange Corporate Adviser and 
Broker                                                       [phone] 
Peterhouse Capital Limited 
Mark Anwyl 
 
Financial Adviser and Broker 
VSA Capital Limited                                          [phone] 
Andrew Raca - Corporate Finance 
Andrew Monk - Corporate Broking 
 
 
                                     Ends 
 
The information contained within this announcement is deemed by the Company to 
constitute inside information as stipulated under the Market Abuse Regulations 
(EU) No. 596/2014. Upon the publication of this announcement via a Regulatory 
Information Service, this inside information is now considered to be in the 
public domain. 
 
 
 
END 
 

(END) Dow Jones Newswires

December 12, 2019 04:05 ET (09:05 GMT)