Bluebird Merchant Ventures Limited Further re Business Update (9522E)
11 November 2020 - 6:00PM
UK Regulatory
TIDMBMV
RNS Number : 9522E
Bluebird Merchant Ventures Limited
11 November 2020
Bluebird Merchant Ventures Ltd
(the " Company" or " Bluebird")
Further Re Business Update
Bluebird Merchant Ventures (EPIC: BMV), the Korean focused gold
development group is pleased to provide a further update to the
previous Business Update announced on 12 October 2020 with regards
to the acquisition of Southern Gold's 50% interest in the Gubong
and Kochang gold mines.
The Independent Expert has been appointed as previously
announced. Whilst the Joint Venture Agreement stipulated that the
determination had to be made within thirty days, the agreement didn
' t allow for a period for the submission of various documentation.
As the process is underway, both Company ' s have agreed to the
request of the Independent Expert to extend the period and to
conclude the process during the early part of December. The Company
will update the market in due course.
Prior to the conclusion of the acquisition process the Company
expects to provide further positive updates from South Korea this
month.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014
("MAR").
Enquiries:
Bluebird Merchant Ventures Ltd jmk@bluebirdmv.com
Jonathan Morley-Kirk, Non-Executive
Chairman
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