Kolar Gold Limited Indian Exploration Assets Independent Review
15 2월 2017 - 4:00PM
RNS Non-Regulatory
TIDMKGLD
Kolar Gold Limited
15 February 2017
Kolar Gold Limited
("Kolar Gold" or the "Company")
Indian Exploration Assets Independent Review Initiated
Kolar Gold Limited (LON: KGLD), the AIM-quoted India-Finland
gold explorer and trading exchange provider, is pleased to announce
the engagement of Golder Associates Pty Ltd to undertake a review
and independent valuation of certain assets (the "Review") held by
Geomysore Services India Private Limited ("Geomysore") in which
Kolar Gold holds a 20.5% interest.
The Review is being undertaken to allow the Company to properly
appraise the value of its investment in Geomysore whilst providing
valuable information on Geomysore's wider portfolio of gold and
non-gold assets. The Company expects the final report from the
Review to be available around the end of March at which point the
Company will report on its findings.
Kolar Gold CEO, Cameron Parry, commented: "Kolar Gold has
initiated an independent technical review and valuation on each of
Geomysore's individual Indian exploration assets, to be carried out
over the next two months, and we look forward to reporting on those
findings once completed."
For further information, please visit www.kolar-gold.com or
contact:
Kolar Gold Limited Tel: +44 (0) 207 397 2880
Cameron Parry (Chief Executive Officer)
Luke Cairns (Executive Director)
WH Ireland Limited (Nominated Adviser) Tel: +44 (0) 113 394 6600
Tim Feather
Ed Allsopp
Vicarage Capital Limited (Broker) Tel: +44 (0) 203 651 2911
Rupert Williams
Jeremy Woodgate
Tavistock (Financial PR) Tel: +44 (0) 207 920 3150
Emily Fenton
About Kolar Gold
Kolar Gold is an AIM-quoted India-Finland gold exploration
company, that is also establishing an online exchange for the
direct ownership and trading of physical gold by retail investors
in India.
Kolar Gold's three divisions are:
-- Strong partnership with leading India gold exploration and
mine development company, Geomysore, in which the Company owns a
20.5% stake;
-- Provide a physical gold holding and trading fintech platform for the Indian market; and
-- Jurisdictional diversification through gold exploration and production in Finland.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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