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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Vatukoula Gold | LSE:VGM | London | Ordinary Share | GB00B52ZLG09 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.30 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMVGM
RNS Number : 7440N
Vatukoula Gold Mines PLC
11 September 2013
Vatukoula Gold Mines plc.
("Vatukoula", "VGM" or "the Company")
Update on Investment Agreement
Vatukoula Gold Mines plc, the AIM listed gold producer focused on Fiji, provides an update on the investment agreement with Zhongrun International Mining Co. Ltd ("Zhongrun") to provide US$ 40 million of funding to implement the capital investment plan at the Vatukoula Gold Mine previously announced on 12 August 2013.
The first tranche funding of 188,897,000 of new ordinary shares at a price of 6.897 pence per share by the Company for gross proceeds of approximately GBP13 million was subject to the approval of Vatukoula and Zhongrun shareholders.
The Company is awaiting receipt of funds from Zhongrun following these approvals and on receipt will announce the completion of the first tranche and admission of shares to AIM. Zhongrun is awaiting approval of the transfer of funds by the State Administration of Foreign Exchange (SAFE) of the Peoples Republic of China. It is expected that this approval will be received by 30 September 2013.
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Enquiries:
Vatukoula Gold Mines plc Pelham Bell Pottinger
+ 44 (0)20 7440 + 44 (0)20 7861
David Paxton 0643 Charles Vivian 3232
Kiran Morzaria Daniel Thöle
W.H. Ireland Limited Daniel Stewart
+ 44 (0)20 7220 +44 (0)20 7776
James Joyce 1666 Colin Rowbury 6550
James Bavister
This information is provided by RNS
The company news service from the London Stock Exchange
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