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| Date | 31 Jan 2022 |
| Time | 07:00:06 |
| Category | Disposals |
| ID | 0671A |
31 January 2022
Resolute Mining Limited
(Resolute or the Company)
Sale of Orca Shares
Resolute Mining Limited (Resolute or the Company) (ASX/LSE: RSG) has agreed to sell its 39,092,233 common shares in Orca Gold Inc (Orca) to Perseus Mining Limited for total consideration of ~US$13.7 million.
The sale was executed at C$0.4476 per Orca share representing the 10-day VWAP of Orca on the TSX-V to 28 January 2022.
The sale of Resolute's holding in Orca was undertaken as part of Resolute's strategic focus on its core operating assets and to strengthen the balance sheet.
A full PDF version of the announcement is available from the Company's website: link to announcement.
Contact information
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Resolute Stuart Gale, Chief Executive Officer James Virgo, GM Finance & IR Telephone: +61 8 9261 6100 Email: [email protected]U34T Web: www.rml.com.au34T
Follow Resolute
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Berenberg (UK Corporate Broker) Matthew Armitt / Detlir Elezi Telephone: +44 20 3207 7800
Tavistock (UK Public Relations) Jos Simson / Oliver Lamb Telephone: +44 207 920 3150 / +44 778 855 4035 Email: [email protected]
FTI Consulting (Australian media) Cameron Morse / James Tranter Telephone: +61 433 886 871 Email: [email protected] |
Authorised by Mr Stuart Gale, Chief Executive Officer