AVM Avocet Mining Plc

TIDMAVM

RNS Number : 6566X

Avocet Mining PLC

01 May 2019

Suspension of listing

Avocet Mining Plc ("Avocet" or the "Company") announces today that it has been unable to publish its Annual Report and Financial Statements for the year ending 31 December 2018 within four months of the year end, and, as a consequence, the Company has requested suspension of its listing of its ordinary shares on both the London Stock Exchange and the Oslo Børs with immediate effect.

On 5 September 2018 the Company transferred a further 30% of Avocet's stake in the Tri-K project to Managold as well as the related shareholder loans. A discussion has been ongoing between the parties regarding the costs incurred as part of the work programme. As this discussion is still ongoing, the Company is not able to conclude its audit for the annual report.

The Company expects the audit to be completed in due course and will apply for the restoration of its listing immediately thereafter.

FOR FURTHER INFORMATION PLEASE CONTACT

 
Avocet Mining PLC       Blytheweigh 
                         Financial PR 
Boudewijn Wentink, CEO  Tim Blythe 
 Yolanda Bolleurs, CFO   Camilla Horsfall 
                         Megan Ray 
+44 20 3709 2570        +44 207 138 3204 
 

NOTES TO EDITORS

Avocet Mining PLC ("Avocet" or the "Company") is a gold mining and exploration company listed on the London Stock Exchange (ticker: AVM.L) and the Oslo Børs (ticker: AVM.OL). The Company's principal activity is gold exploration in Guinea, West Africa: the Tri-K project.

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.

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