Mkango Resources Limited 2nd Quarter Results (4537I)
August 31 2016 - 1:00AM
UK Regulatory
TIDMMKA
RNS Number : 4537I
Mkango Resources Limited
31 August 2016
MKANGO RESOURCES LTD.
706 27 Avenue NW,
Calgary, Alberta T2M 2J3
MKANGO RELEASES FINANCIAL STATEMENTS AND MANAGEMENT'S DISCUSSION
AND ANALYSIS FOR THE PERIOD ENDING JUNE 30, 2016
Calgary, Alberta: August 31, 2016 - Mkango Resources Ltd. (TSXV:
MKA; AIM: MKA) (the "Company" or "Mkango"), is pleased to announce
that it has released the Financial Statements and Management's
Discussion and Analysis for the period ending June 30,2016. The
reports are now available on the Company's website via the
following link: http://www.mkango.ca/s/financials.asp , and will
also be made available under the Company's profile on SEDAR.
William Dawes, Chief Executive of Mkango, stated:
"Mkango is pleased to release its quarterly results for the
period ending June 30, 2016, the first since its IPO on AIM on June
15, 2016. Its expenditure remains within budget, which provided for
18 months' working capital from the IPO date."
"The Company believes that prices for rare earths and uranium
are at a cyclical low, with a positive outlook geared to growth in
cleantech applications, technology and the low carbon economy."
"We continue to explore partnership opportunities for both the
Songwe and Thambani projects with a view to accelerating
exploration and development of the projects for the benefit of all
stakeholders."
For further information, please contact:
Mkango Resources Limited
William Dawes Alexander Lemon
Chief Executive Officer President
will@mkango.ca alex@mkango.ca
UK: +44 207 3722 744
Canada: +1 403 444 5979
SP Angel Corporate Finance LLP
Nominated Adviser and Broker
Jeff Keating , Caroline Rowe
UK: +44 20 3470 0470
The TSX Venture Exchange has neither approved nor disapproved
the contents of this press release. Neither the TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any equity or other securities of
the Corporation in the United States. The securities of the
Corporation will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") and
may not be offered or sold within the United States to, or for the
account or benefit of, U.S. persons except in certain transactions
exempt from the registration requirements of the U.S. Securities
Act.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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