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Kryso Resources
- BY: Andrew Hore |
- POSTED: 02/09/2010 |
- COMMENTS: Add yours
Tajikistan-focused gold miner Kryso Resources says that its Chinese investor has concluded its due diligence and the subscription should go ahead.
China Nonferrous Metals will invest £11m at 15p a share for a 29.9% stake. It will receive a warrant for each share issued. The warrant is exercisable at 21p a share. The investor will also seek debt finance to bring the Pakrut gold project into production.
At 15.75p a share, Kryso is valued at £27.1m.
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