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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Arras Group SpA | BIT:AGU | Italy | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.93 | 0.915 | 0.00 | 08:08:32 |
RNS Number:9945L Angus & Ross PLC 06 June 2003 NEWS RELEASE Thursday, June 05, 2003 At the extra-ordinary General Meeting of Angus & Ross Plc on Thursday, 5th June, shareholders voted unanimously for the acquisition of Queensland Tantalite Pty Ltd. The Chairman of Angus & Ross Plc, Mr. Robin Andrews said "This is the rebirth of Angus & Ross Plc into a gold company with focus on Queensland (Australia) where world class gold deposits are being exploited in an area of low sovereign risk." Queensland Tantalite Pty Ltd holds a 100% interest in the Rutherford's Table epithermal gold system which will be bulk sampled this year. The Grant's Gully alluvial and hard rock tantalum-gold deposit will also be bulk sampled and the Top Camp gold deposit in the Mt Isa district will undergo systematic exploration. All these preliminary works are subject to Angus & Ross's ability to raise the necessary initial development capital. The vendors of the Queensland assets into Angus & Ross Plc comprise six geologists, one mine manager and one metallurgist, all of whom have each had more than 30 years experience in the mining industry. The vendors continue to bring gold projects in Queensland to Angus & Ross Plc, the first of which is the Waroo area. Initial exploration in the Waroo area is funded by Placer Pacific Ltd (a subsidiary of Placer Dome) and, if results are attractive, Angus & Ross Plc will enter into a joint venture arrangement with Placer Pacific Ltd. For further information, please contact: Robin Andrews Chris Parry Chairman Chief Operating Officer Angus & Ross Plc Angus & Ross Plc 01751 430 988 01732 780 901 robin_andrews@angusandross.com chris_parry@angusandross.com This information is provided by RNS The company news service from the London Stock Exchange END EGMEAXKSEFPDEFE
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