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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Georgian Mining Corporation | LSE:GEO | London | Ordinary Share | VGG9688A1003 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.40 | 1.30 | 1.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMGEO
RNS Number : 5019K
Georgian Mining Corporation
07 July 2017
7 July 2017
Georgian Mining Corporation ('GEO or 'the Company')
Board Changes
Georgian Mining Corporation announces that Anthony (Tony) Frizelle has resigned as Non-Executive Director and Chairman with immediate effect for personal reasons. The Board thanks Tony for his contribution and wishes him well.
Tony's successor as Chairman will be the subject of a further announcement.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
**ENDS**
For further information please visit www.georgianmining.com or contact:
Greg Kuenzel Georgian Mining Company Tel: 020 7907 Corporation 9327 Ewan Leggat S. P. Angel Corporate Nomad & Tel: 020 3470 Finance LLP Broker 0470 Damon Heath Shard Capital Partners Joint Broker Tel: 0207 LLP 186 9950 Frank Buhagiar St Brides Partners PR Tel: 020 7236 Ltd 1177
About Georgian Mining Corporation
Georgian Mining Corporation has 50% ownership and operational control of the Bolnisi Copper and Gold Project in Georgia, situated on the prolific Tethyan Belt, a well-known geological region and host to many high-grade copper-gold deposits and producing mines. The Bolnisi licence covers an area of over 860 sq km and has a 30-year mining licence with two advanced exploration projects; Kvemo Bolnisi and Tsitsel Sopeli. These projects are nearby existing mining operations owned by the Company's supportive joint venture partner. Georgia has an established mining code and is a jurisdiction open to direct foreign investment.
The Company is developing the project in three phases:
-- Phase 1: H1 2017 target to delineate a minimum of 1-2 Mt to support initial spare capacity (now achieved and exceeded)
-- Phase 2: 2017 target to delineate a 3-5 Mt resource of combined copper-gold sulphide and gold oxide mineralisation (on target)
-- Phase 3: Long term target - to delineate a resource of 50Mt+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
July 07, 2017 11:22 ET (15:22 GMT)
1 Year Georgian Mining Chart |
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