Sale of Orca Shares

RNS Number : 0671A
Resolute Mining Limited
31 January 2022
 

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

Resolute

Stuart Gale, Chief Executive Officer

James Virgo, GM Finance & IR

Telephone: +61 8 9261 6100

Email: contact@rml.com.au U34T

Web: www.rml.com.au 34T

 

Follow Resolute

 

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: resolute@tavistock.co.uk

 

FTI Consulting (Australian media)

Cameron Morse / James Tranter

Telephone: +61 433 886 871

Email: cameron.morse@fticonsulting.com

 

Authorised by Mr Stuart Gale, Chief Executive Officer

 

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