Georgian Mining Corporation Change of Name and TIDM (4033C)
February 10 2020 - 1:00AM
UK Regulatory
TIDMGEO
RNS Number : 4033C
Georgian Mining Corporation
10 February 2020
Georgian Mining Corporation / AIM: GEO / Sector: Natural
Resources
10 February 2020
Georgian Mining Corporation ('GEO' or the 'Company')
Change of Name and TIDM
Georgian Mining Corporation, the gold-copper exploration and
development company, announces that it has changed its name to
Empire Metals Limited. The change of name reflects the Company's
developing growth strategy which is anticipated to incorporate
investing in and advancing projects in new jurisdictions alongside
the development of its current project, the Bolnisi Copper and Gold
Project in Georgia.
Trading in the Company's shares on AIM will commence under the
new name Empire Metals Limited and the new TIDM code 'EEE' with
effect from 8.00 a.m. on Tuesday 11 February 2020. The ISIN
VGG3036T1012 and SEDOL BKTZQR4 will apply as at 8.00 a.m. on
Thursday 13 February 2020.
The website address, at which the information required pursuant
to AIM Rule 26 is available, has been changed to
www.empiremetals.co.uk.
Shareholders should note that shareholdings will be unaffected
by the change of name.
Neil O'Brien, Chairman, said: "The Company recently announced a
milestone achievement in unlocking the value of our Bolnisi Copper
and Gold Joint Venture, with the receipt of confirmation on the
tenure of two of our primary targets and an appeal process about to
commence on a third target. Notwithstanding this progress,
shareholders will be aware that the Company has faced numerous
challenges in Georgia over the past 18 months and as a result the
Board has been actively evaluating new assets through which to add
value to our portfolio of interests in the near term.
"Today's name change is intended to reflect our objective of
de-risking our growth strategy by diversifying away from a single
jurisdiction investment through the addition of projects in new
geographies which combine both exceptional mineralised terranes
with attractive investment environments.
"We look forward to updating shareholders on our endeavours to
expand and diversify our project portfolio in due course."
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
**ENDS**
For further information please visit www.empiremetals.co.uk or
contact:
Mike Struthers Empire Metals Ltd Company Tel: 020 7907
9327
Ewan Leggat S. P. Angel Corporate Nomad & Broker Tel: 020 3470
Finance LLP 0470
Soltan Tagiev S. P. Angel Corporate Nomad & Broker Tel: 020 3470
Finance LLP 0470
Damon Heath Shard Capital Partners Joint Broker Tel: 020 7186
LLP 9950
Susie Geliher St Brides Partners Ltd PR Tel: 020 7236
1177
Hannah Platt St Brides Partners Ltd PR Tel: 020 7236
1177
About Empire Metals Limited
Empire Metals Limited (formerly Georgian Mining Corporation) has
50% ownership of the Bolnisi Copper and Gold Project in Georgia,
situated on the prolific Tethyan Belt, a well-known geological
region and host to many high-grade copper-gold deposits and
producing mines. The Bolnisi concession covers an area of over 860
sq km and has a 30-year mining licence with a variety of targets
and projects ranging from greenfield exploration / target
definition phase through intermediate target-testing phases to more
advanced projects including Kvemo Bolnisi East which is due to
advance to Feasibility Study.
The Company is assessing the potential for expanding the
Company's portfolio through the addition of new assets, which have
the ability to add value in the short term.
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.
END
CANFLFVDFEIDIII
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