Tectonic Gold Plc Sale of Holding inTirupati Graphite Plc
December 12 2019 - 4:05AM
UK Regulatory
TIDMTTAU
12 December 2019
TECTONIC GOLD PLC
("Tectonic Gold" or the "Company")
SALE OF HOLDING IN TIRUPATI GRAPHITE PLC
Tectonic Gold plc (TDIM: TTAU) is pleased to announce the sale of its interest
in Tirupati Graphite Plc ("Tirupati") for a consideration of GBP86,844.
Tectonic Gold's predecessor, StratMin Global Resources Plc, made a seed
investment of US$40,000 in Tirupati in 2016 to initiate a graphite project in
Madagascar with historic joint venture partner, Tirupati Graphite Pvt. Ltd.
India. With progress in this investment creating liquidity in the equity,
Tectonic has divested the holding to focus on its Australian and South African
projects.
About Tectonic Gold:
Tectonic Gold is a specialist gold exploration company, focused on the
identification and delineation of large-scale, multimillion-ounce Intrusion
Related Gold System ("IRGS") assets. Tectonic Gold holds a number of gold
discoveries in the New England Orogen in Eastern Australia, a prolific gold
region that is home to Australia's two largest gold production companies,
Newcrest Mining and Evolution Mining.
The Directors of the Company accept responsibility for the contents of this
announcement.
For further information, please contact:
Tectonic Gold plc +61 2 9241 7665
Brett Boynton
Sam Quinn
www.tectonicgold.com
@tectonic_gold
NEX Exchange Corporate Adviser and
Broker +44 20 7469 0930
Peterhouse Capital Limited
Mark Anwyl
Financial Adviser and Broker
VSA Capital Limited +44 20 3005 5004
Andrew Raca - Corporate Finance
Andrew Monk - Corporate Broking
Ends
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. Upon the publication of this announcement via a Regulatory
Information Service, this inside information is now considered to be in the
public domain.
END
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December 12, 2019 04:05 ET (09:05 GMT)
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