Sale of Bibiani Gold Mine Completed
19 August 2021
Resolute Mining Limited
(Resolute or the Company)
Sale of Bibiani Gold Mine Completed
Resolute Mining Limited (Resolute or the Company) (ASX/LSE:RSG) is pleased to confirm the successful completion of the sale of the Bibiani Gold Mine (Bibiani) in Ghana to Asante Gold Corporation (Asante) for total cash consideration of US$90 million (see ASX Announcement dated 5 August 2021).
Resolute has received the initial US$30 million cash payment from Asante with the balance of consideration payable in two equal instalments of US$30 million on or before six and twelve months following completion.
The sale of Bibiani was undertaken as part of Resolute's strategic focus on its core operating assets and to strengthen the balance sheet. The initial cash receipt of US$30 million will be applied to the voluntary early repayment of debt. No material tax implications are expected following the completion of the transaction.
For further information, contact:
|
Resolute Stuart Gale, MD & CEO Telephone: +61 8 9261 6100 Email: 34TU contact@rml.com.au U34T Web: 34T www.rml.com.au 34T
|
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:
34T
resolute@tavistock.co.uk
34T
FTI Consulting (Australian media) Cameron Morse / James Tranter
Telephone: +61 433 886 871 |
Authorised by Mr Stuart Gale, Managing Director & Chief Executive Officer
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 which forms part of UK law pursuant to the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via a Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 6 hours ago Luceco
- 6 hours ago Helios Towers
- 6 hours ago Wise Class A
- 6 hours ago EDX Medical Group Plc
- 7 hours ago Naked Wines