Patagonia Gold PLC Sale of COSE Royalty Update (2433L)
21 December 2018 - 6:00PM
UK Regulatory
TIDMPGD
RNS Number : 2433L
Patagonia Gold PLC
21 December 2018
21 December 2018
Patagonia Gold Plc
("Patagonia Gold" or the "Company")
Sale of COSE Royalty Update
Patagonia Gold Plc, the mining company with gold and silver
projects in the Patagonia region of Argentina, Chile and Uruguay,
is pleased to announce that, further to its announcement of 11
December 2018, the sale by its wholly-owned subsidiary, PGSA, of
the COSE Royalty to Metalla for total consideration of US$1.5
million in cash, has now closed.
The transaction was subject to standard closing conditions, all
of which have now been satisfied or waived, including the receipt
of funds by PGSA. The proceeds will be used for general working
capital purposes and reduction of net debt.
Capitalised terms used in this announcement have the same
meanings as given to them in the Company's announcement of 11
December 2018.
For more information, please contact:
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Plc
Tel: +54 11 5278 6950
James Spinney / James Dance / Frederick Twist
Strand Hanson Limited (Nominated Adviser and Broker)
Tel: +44 (0)20 7409 3494
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
About Patagonia Gold
Patagonia Gold Plc is a mining company that seeks to grow
shareholder value through exploration, development and production
of gold and silver projects in the Patagonia region of Argentina.
The Company is primarily focused on its flagship Cap Oeste project
in Santa Cruz and the recently acquired Calcatreu project in Rio
Negro. In addition, it is carrying out exploration in Manchuria and
Sarita in Argentina and San Jose in Uruguay. Patagonia Gold,
indirectly through its subsidiaries or under option agreements, has
mineral rights to over 220 properties in several provinces of
Argentina, Chile and Uruguay and is one of the largest landholders
in the province of Santa Cruz, Argentina.
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
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