Katoro Gold PLC - Imweru Gold Project Transaction Update
(Registration Number: 9306219)
Share code on AIM: KAT
("Katoro" or "the Company")
Imweru Gold Project Transaction Update
Katoro have been working closely with the LVG team to finalise the proposed Imweru acquisition. The proposed acquisition, on completion, will combine two strategic gold assets in LVG, increasing the project footprint and in-situ gold resource, which the
As the deadline for completion of the proposed acquisition was
The Company further notes that there has recently been interest expressed in Katoro's Lake Victoria gold interests by other third parties. Whilst the Company's focus for now remains on working with LVG, the Board will consider other proposals should they be appropriate.
Further announcements will be made as appropriate.
This improved sentiment is evident through the level of interest shown by other gold mining companies in Katoro's Tanzanian gold projects. We are encouraged by the emerging optionality that the increasing interest in our gold interests provides. So, whilst we would like to see the LVG acquisition complete, and we expect that to occur, there are possible alternative value generative routes available. In addition, the current gold price has moved in the Company's favour, at
I look forward to providing further updates on the LVG acquisition at the appropriate time in due course."
This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014.
For further information please visit www.katorogold.com or contact:
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+44 (0) 20 7409 3494
+44 (0) 1483 413 500
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+44 (0) 20 7236 1177
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