Change of Adviser (3260Y)
29 2월 2012 - 4:02PM
UK Regulatory
TIDMKGLD
RNS Number : 3260Y
Kolar Gold Limited
29 February 2012
29 February 2012
Kolar Gold Limited
("KGL" or the "Company")
Change of Adviser
Kolar Gold Limited, the Indian focussed gold exploration and
mine development company announces the appointment of Singer
Capital Markets Limited as Nominated Adviser and Joint Corporate
Broker (alongside Ocean Equities Limited) to the Company with
immediate effect.
For further information please contact:
Kolar Gold Limited
Nick Spencer / Chris Clowes +617 3846 0211
Singer Capital Markets Ltd (Nomad and Joint Broker)
James Maxwell / Jenny Wyllie +44 20 3205 7500
Ocean Equities Limited (Joint Broker)
Will Slack +44 20 7786 4370
Tavistock Communications
Ed Portman / Lydia Eades +44 20 7920 3150
About Singers Capital Markets Limited:
Singer Capital Markets is an integrated UK capital markets and
advisory partnership with a primary focus on UK Mid and Small Cap
companies.
Established in 2006, the business comprises a team of sixty five
leading professionals. It provides sales, research, execution,
corporate finance and corporate broking advisory services to our
institutional, corporate, hedge fund and high net worth
clients.
About Kolar Gold Limited:
Kolar Gold is an Indian gold exploration and development
company, listed on the AIM market (Ticker: KGLD) that has an
experienced international board and strong local partners.
KGL has rights to explore and develop one prospecting licence
and 13 further licence applications in the Kolar Gold Belt, an 80
kilometre long Archaean Greenstone Belt, in Southern India. The
Kolar Gold Belt is one of the most prospective underdeveloped
Archaean Greenstone Belts in the world and is regarded by Mr Andrew
J Vigar of Mining Associates Limited, the Competent Person, as
comparable to the Archaean Greenstone Belts of South Africa, Canada
and Western Australia which have similar geology, structure and
style of mineralisation. This project area includes 32 known
mineralised prospects and covers 568 square kilometres in the
southern states of Andhra Pradesh, Karnataka and Tamil Nadu. KGL
commenced exploration on the first Prospecting Licence in South
Kolar in February 2011.
KGL is also jointly pursuing, with the mine employee unions, the
acquisition and revival of the neighbouring historic Kolar Gold
Fields which has produced 25 million ounces of gold at 15.9 grams
per tonne over 120 years until closure in 2001.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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