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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Marakand | LSE:MKD | London | Ordinary Share | GB0033883835 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.10 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:7433S Marakand Minerals Limited 12 March 2007 For Release 12 March 2007 MARAKAND UPDATE Marakand Minerals Limited ('Marakand', or the 'Company') (MKD.L), the Eurasian base metal and silver company, has been advised by its parent company and 86% shareholder, Oxus Gold plc ("Oxus") (OXS.L), that Oxus has agreed in principle and subject to final contract, to sell certain assets to KazakhGold Group Limited ("KazakhGold") (KZG.L), including certain exploration assets in Turkey, currently owned by Marakand. The Board of Directors of Marakand confirm that any agreement between Oxus and KazakhGold in respect of the sale of such Marakand assets will require Marakand board approval and, in addition, any such sale will be subject to the determination of an appropriate fair market value to be paid to Marakand by Oxus for these assets. Marakand shareholders will be kept informed of any developments. As announced in on 1 August 2006, Marakand entered into exclusive option agreements to acquire majority interests in two separate copper / gold exploration license areas in southern Turkey, namely the Hatay exploration license and the Karakilise exploration license. Both license areas are located in the prospective southern Turkish 'ophiolite belt' related to the Cyprus Arc, and host 'Cyprus-type' copper / gold mineralisation. Exploration works, including surface drilling, have previously been undertaken on both license areas. In February 2007, Marakand completed a further programme of stream sediment sampling, geological mapping, surface channel sampling and a 10 hole surface drilling programme on the Hatay license. Marakand has dispatched channel and drill core samples to an independent laboratory for analysis, and will be reporting results as soon as they are available and evaluated Contacts: Marakand Minerals Limited William Charter, Director Tel: + 998 93 180 8368 Julia Flowers, Investor Relations Officer Tel: +44 (0)20 7907 2000 Canaccord Adams Limited Robin Birchall Tel: +44 (0) 20 7050 6500 This information is provided by RNS The company news service from the London Stock Exchange END DISOKBKNOBKKDND
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