China Nonferrous Gold Resignation of Managing Director
July 24 2017 - 4:14AM
UK Regulatory
TIDMCNG
24 July 2017
China Nonferrous Gold Limited
("CNG" or the "Company")
Resignation of Managing Director
China Nonferrous Gold Limited ?????????? (AIM: CNG), the mineral
exploration and mining company currently mining the Pakrut gold
project in the Republic of Tajikistan, announces that David Tang
has resigned as Managing Director of the Company for personal
reasons. This follows his departure as President of CNMIM, the
Company's largest shareholder.
Mr. Wu Xiang, Chairman, said:
"The board of the Company would like to thank Mr Tang for his
contribution to the development of CNG and the Pakrut gold project
as Managing Director over a number of years and wishes him well for
the future. The board is now actively in the process of selecting
and appointing a new managing director and we look forward to
updating the market in due course".
For further information please visit the Company's website
(www.cnfgold.com) or contact:
Investec Bank plc
Jeremy Ellis, George Price
Tel: +44 (0)20 7597 5970
Beaufort Securities Limited
Jon Belliss
Tel: +44 (0)20 7382 8300
Blytheweigh
Tim Blythe, Camilla Horsfall, Nick Elwes
Tel: +44 (0)20 7138 3224
Project Summary
The Pakrut gold project, of which CNG has 100 per cent
ownership, is situated in Tajikistan approximately 120km northeast
of the capital city Dushanbe. Pakrut is located within the Tien
Shan gold belt, which extends from Uzbekistan into Tajikistan,
Kyrgyzstan and Western China, and which hosts a number of
multi-million ounce gold deposits.
About Tajikistan
Tajikistan is a secular republic located in Central Asia. The
country is a member of the Commonwealth of Independent States and
the Shanghai Cooperation Organisation. Tajikistan hosts numerous
operating precious metal mines as well as the largest aluminium
smelter in Central Asia. CNG's management team has extensive
experience in the mining industry in Tajikistan.
View source version on businesswire.com:
http://www.businesswire.com/news/home/20170724005457/en/
This information is provided by Business Wire
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July 24, 2017 04:14 ET (08:14 GMT)
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