Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining
Kodal Minerals Plc
('Kodal Minerals' or 'the Company')
Result of Taruga General Meeting
DEFINED TERMS USED IN THIS ANNOUNCEMENT SHALL HAVE THE SAME MEANING AS THOSE TERMS DEFINED AND USED IN THE CIRCULAR OF THE COMPANY DATED 7 APRIL 2016.
Kodal Minerals, the mineral development and exploration company, is pleased to announce that at the Taruga Gold Limited ("Taruga") General Meeting held earlier today, the shareholders of Taruga passed resolutions approving the sale by Taruga of its shares in International Goldfields (Bermuda) Limited ("IGS") to the Company and authorised an in specie distribution of the Consideration Shares (to be issued by Kodal Minerals to Taruga) to the shareholders of Taruga.
Kodal Minerals is holding its General Meeting at midday today to propose resolutions to effect the acquisition of IGS and its portfolio of gold exploration properties in Mali and Côte d'Ivoire from Taruga (the "Acquisition") and the accompanying fundraising of £680,000.
**ENDS**
For further information, please visit www.kodalminerals.com or contact the following:
Kodal Minerals plc Luke Bryan, CEO |
Tel: 020 3470 0470 |
Allenby Capital Limited, Nominated Adviser Jeremy Porter/Nick Harriss |
Tel: 020 3328 5656 |
SP Angel Corporate Finance LLP, Financial Adviser & Broker John Mackay/Laura Harrison |
Tel: 020 3470 0470 |
St Brides Partners Ltd, Financial PR Lottie Brocklehurst/Megan Dennison |
Tel: 020 7236 1177 |
