Bluebird Merchant Ventures Limited Further re Joint Venture Update (0288N)
January 27 2021 - 2:00AM
UK Regulatory
TIDMBMV
RNS Number : 0288N
Bluebird Merchant Ventures Limited
27 January 2021
Bluebird Merchant Ventures Ltd
(the " Company" or " Bluebird")
Further Re Joint Venture Update
Bluebird Merchant Ventures (EPIC: BMV), the Korean focused gold
development group is pleased to provide a further update to the
previous Joint Venture Update announced on 30 November 2020 with
regards to the acquisition of Southern Gold's 50% interest in the
Gubong and Kochang gold mines.
Bluebird has made an Offer of Settlement to Southern Gold as
required under the Joint Venture Agreements and is hopeful that a
commercial solution will be achieved in a speedy manner. The
Company believes that it is only by bringing about gold production
in South Korea that value can be both realized and substantially
increased and therefore it is in both Company's interest to advance
the process of construction.
The Company has remained in dialogue with its South Korean
funding partners whom also recently provided a second tranche of
funding and remain committed to the non-dilutive funding process to
bring about production in South Korea. The Company will update the
market in due course.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014
("MAR").
Enquiries:
Bluebird Merchant Ventures Ltd jmk@bluebirdmv.com
Jonathan Morley-Kirk, Non-Executive
Chairman
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
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.
END
FURPPUCUGUPGUAM
(END) Dow Jones Newswires
January 27, 2021 02:00 ET (07:00 GMT)
Bluebird Merchant Ventures (LSE:BMV)
Historical Stock Chart
From Apr 2024 to May 2024
Bluebird Merchant Ventures (LSE:BMV)
Historical Stock Chart
From May 2023 to May 2024