Statement re Suspension
June 02 2009 - 2:55AM
UK Regulatory
TIDMGGG
Central China Goldfields plc
(`GGG' or `the Company')
LONDON 2 June 2009
The Board of Central China Goldfields plc (AIM: GGG) announces that the Sichuan
Bureau of Metallurgy and Geological Exploration has approached Central China
Goldfields plc with a view to acquiring the Company's interest in the Nimu
Project.
The Nimu Project is a Cooperative Joint Venture between Central China
Goldfields plc ("GGG") and the Sichuan Bureau of Metallurgy and Geological
Exploration ("SBMGE"). The Project is located in the county of Nimu 115 km west
of Lhasa, centred at about 90ºE and 29.5ºN and consists of seven exploration
licences totalling 134 km.
At the present time the terms of any transaction, including the level of
consideration, is unclear and there is no certainty that a formal offer will be
forthcoming.
Should a formal offer be made this is likely to constitute a fundamental change
of business as defined by the AIM Rules for Companies and will therefore be
subject to shareholder approval.
Given the material uncertainties, the Board has requested that the the Company's
shares be suspended from trading on AIM with immediate effect. A further
announcment will be made in due course following clarification of the
situation, at which point the Board anticipates that trading in the Company's shares
can be resumed.
For further information, please contact:
Central China Goldfields plc Hanson Westhouse Limited
Dr. Jeffrey Malaihollo Tim Metcalfe / Martin Davison
Tel: 020 7621 0200 Tel: 020 7601 6100
Email: info@ccgoldfields.com
www.ccgoldfields.com Alexander David Securities
Limited
Nick Bealer / David Scott
Tel: 020 7448 9820
END
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