Leyshon Resources
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Leyshon shares suspended on forthcoming announcement about Zheng Guang project
Trading in Leyshon Resources Ltd (AIM:LRL, ASX:LRL) shares has been suspended on London's AIM market pending an announcement concerning the proposed disposal of Leyshon's interest in the Zheng Guang gold zinc project.
The company will make a further announcement as soon as the contractual terms have been finalised and certain conditions have been satisfied, at which time trading in the shares is expected to recommence.
Leyshon said in February 2009 it was is considering selling the Zheng Guang project in Heilongjiang in northern China to realise value from the business. It was considering various options to fund the development of Zheng Guang but found it difficult to secure funding on attractive terms in the then prevailing economic climate.
It had said it received a number of approaches regarding the potential sale of its interest in the project and progressed these parties under confidentiality agreement.
Other Leyshon Resources news
- Leyshon Resources enters agreement to sell Zheng Guang project
2009-09-22 - Leyshon Resources reduces costs at Zheng Guang by almost 20%
2009-05-01 - Low-cost gold stock well placed to sit out the winter
2008-11-27
