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.auU34T Web: www.rml.com.au34T
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 |
Authorised by Mr Stuart Gale, Chief Executive Officer
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.