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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ggg Resources | LSE:GGG | London | Ordinary Share | GB00B4KDJB03 | ORD 2P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 25.875 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMGGG
GGG Resources plc
(the "Company" or "GGG")
Final US$3,273,200 sale proceeds received
GGG Resources plc (GGG:AIM, GGB:ASX) is pleased to announce that it has
received a final payment of US$ 3,273,200 from the sale of the Nimu Project.
This brings the total payments from the Nimu disposal to US$ 7.4 million, or
approximately GBP 5 million. This represents an additional GBP 0.7 million more
than was budgeted for at the time of the GGG 2009 statutory accounts.
The Company would like at this time to thank its former staff in China for all
their hard work and dedication. In particular we would like to note the efforts
of our former general manager Jackson (Huo Sen) who greatly assisted in the
delicate process of completing the sale of our Chinese assets whilst minimising
our exit costs.
Today, GGG Resources' plc sole geological asset is its 50% interest in the
Bullabulling Gold project in Western Australia. In addition to this GGG holds
an 8.4% interest in its partner Auzex Resources. GGG no longer has any assets
or obligations in China.
General Enquiries, please contact:
Dr. Jeffrey Malaihollo Westhouse Securities Limited (UK Nominated
Adviser)
MD, GGG Resources plc (UK)
Tom Price / Martin Davison
Tel: + 44 1992 531820
Tel: + 44 20 7601 6100
Email: www.gggresources.com
Neil Boom Collins Stewart Europe Limited (Broker)
MD, Gresham PR Ltd (UK). John Prior / Adam Miller
Tel: + 44 7866 805 108 Tel: + 44 20 7523 8350
David McArthur David Brook
GGG Resources plc (Australia) Professional Public Relations (Australia
media)
41 Stirling Highway
T: +61 8 9388 0944/ +61 433 112 936
Nedlands, WA 6009
E: david.brook@ppr.com.au
Australia
Tel: +61 8 9423 3200
END
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