(KYS) Kryso Resources
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| 09-01-12 | RNS |
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Issue of Licence/Issue of Shares Kryso Resources
Kryso Resources plc AIM: KYS (‘Kryso’ or the ‘Company’) Pakrut Mining Licence Granted Kryso Resources plc (AIM: KYS), the mineral exploration and development company with gold and nickel-copper projects in Tajikistan, is pleased to announce that the Government of the Republic of Tajikistan has issued the Pakrut Project mining licence to LLC Pakrut, a wholly owned subsidiary of the Company. This follows the Company’s announcement of 10 November 2011 that the Government had issued a resolution signed by the president approving the issuance of the licence. According to the terms of the licence, the amount of ore that can be mined is variable depending upon the mine plan. The plan submitted by Kryso envisages an initial processing capacity of 660,000 tons of ore per annum, increasing to 1,320,000 tons per annum from 2017. The mining licence is valid until 2 November 2030. In addition, Kryso can report significant progress in mine construction. The Company has commenced geotechnical drilling on the access road as well as the tailings dam, and construction equipment for the access road has been ordered. Kryso received significant and essential in-country legal, financial and PR consultancy services from LLC Anbat Service as part of the detailed process for obtaining the mining licence. In connection for the provision of these services LLC Anbat Service have been issued 8,254,977 ordinary shares. Accordingly application will be made for 8,254,977 ordinary shares to be admitted to trading on the AIM market of the London Stock Exchange. Admission is expected to become effective on 13 January 2012. Managing Director of Kryso Resources, Craig Brown, commented, “We are very pleased to be able to report formal granting of the Pakrut mining licence. We believe that this news should further de-risk our project both for current and potential stakeholders. We are progressing with the initial construction work and are targeting finalising financing and proceeding with full mine construction in the spring.”
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| 23-12-11 | RNS |
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Issue of Shares/Directors Dealing Kryso Resources
Kryso Resources plc (‘Kryso’ or ‘the Company’) AIM: KYS Issue of Shares/Directors Dealing Kryso Resources plc (AIM: KYS) announces that 1,143,369 ordinary shares in the Company have been issued pursuant to the exercise of 20,869 warrants at 0.115 per share, 322,500 warrants at 0.09 per share and the exercise of 800,000 options at 0.10 per share. Aggregate funds of 111,424.93 have been received by the Company. The 800,000 options were exercised by Abuali Ismatov an Executive Director of the Company. Abuali Ismatov notified the Company on 22 December 2011 that he disposed of 800,000 shares from 19 – 22 December 2011 at an average price of 27.94p. His resultant holding is detailed below:
Application has been made for the shares issued to be admitted to trading on AIM and dealings are expected to commence on 30 December 2011. Following admission there will be 278,254,286 ordinary shares in issue. For further information please contact: Craig Brown, Kryso Resources plc Tel: +44 (0) 20 7349 9160 Jeremy Ellis, Evolution Securities Tel: +44 (0) 20 7071 4300 John Grant, XCAP Securities plc Tel: +44 (0) 207 101 7070 More |
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| 11-11-11 | RNS |
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Issue of Shares Kryso Resources
Kryso Resources plc (‘Kryso’ or ‘the Company’) AIM: KYS Issue of Shares Kryso Resources plc (AIM: KYS) announces that 4,300,000 ordinary shares in the Company have been issued pursuant to the exercise of 3,500,000 warrants at 0.08 per share and the exercise of 800,000 options at 0.10 per share. Aggregate funds of 360,000 have been received by the Company. The 800,000 options were exercised by Craig Brown, Managing Director of the Company. His resultant holding is detailed below:
Application has been made for the shares issued to be admitted to trading on AIM and dealings are expected to commence on 18 November 2011. Following admission there will be 277,110,917 ordinary shares in issue. For further information please contact: Craig Brown, Kryso Resources plc Tel: +44 (0) 20 7349 9160 Jeremy Ellis, Evolution Securities Tel: +44 (0) 20 7071 4300 John Grant, XCAP Securities plc Tel: +44 (0) 207 101 7070 More |
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| 10-11-11 | RNS |
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Government Approves Issue of Pakrut Mining Licence Kryso Resources
Kryso Resources plc (‘Kryso’ or the ‘Company’) Government approves issue of Pakrut mining licence Kryso Resources plc (AIM: KYS), the mineral exploration and development company with gold and nickel-copper projects in Tajikistan, is pleased to announce that the Government of the Republic of Tajikistan has, upon the recommendation of the Ministry of Energy and Industry, issued a governmental resolution approving the issuance of the Pakrut Project mining licence to LLC Pakrut, a 100% wholly owned subsidiary of the Company. The governmental resolution was signed by the President of the Republic of Tajikistan. This resolution will allow the Ministry of Energy and Industry to proceed with issuing a mining licence. Managing Director of Kryso Resources, Craig Brown, commented, “We are pleased with this development and the continued support from the Government of Tajikistan. With confirmation that the mining licence will now be received, we look forward to continuing the development and financing of the project with a view to proceeding with mine construction in the spring of 2012.” For further information please contact:
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