Golden Prospect Precious Metals Ltd : Statement...

 GOLDEN PROSPECT PRECIOUS METALS LIMITED

02 December 2014

Suspension of Subscription Shares

Golden Prospect Precious Metals Limited ("GPPM" or the "Company"), the investment company which invests in gold and precious metals companies, announces that trading in all of the Subscription Shares in issue (the "SubscriptionShares") has been suspended on the London Stock Exchange with effect from 01 December. The Company also announces that an application for suspension of trading in the Subscription Shares ("Suspension") has been made to the Channel Islands Securities Exchange Authority Limited, pending a meeting of the Company's Board on 04 December 2014.

Suspension of the Subscription Shares follows the expiry on 28 November 2014 of the right of holders of the Subscription Shares to subscribe for one Ordinary Share at a fixed price of 130p. Pending the Board meeting on 04 December 2014 and in line with the rights attaching to the Subscription Shares as set out in Part V of the Listing Document dated 24 October 2011 and as varied by a resolution of the holders of Subscription Shares passed at a meeting of such holders on 2 May 2013, the Company expects to apply for cancellation of all of the Subscription Shares in issue with effect from 05 December 2014.

Enquiries:

R&H Fund Services (Guernsey) Limited (Fund Administrator) Gillian Wilson	Tel: [phone]
N+1 Singer James Maxwell Ben Griffiths	Tel: [phone]

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Golden Prospect Precious Metals Ltd via Globenewswire

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