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Kryso Resources / Natasa Mining

  • BY: Andrew Hore |
  • POSTED: 23/06/2010 |

Natasa Mining wants two of its nominees appointed to the board of Tajikistan-focused gold miner Kryso Resources.

Natasa has exercised warrants over 10.7m Kryso shares at 8p each. This raises 858,000 for Kryso and gives Natasa 21.7% of the company.

Natasa chief executive Chrisilios Kyriakou and director Jonathan Reynolds were apparently being nominated for election at the AGM on 30 June. However, Kryso says that it is too late for amendments to be made to the nominations at the AGM. Natasa and Kryso are discussing the appointment of the two men.

Kryso is having exclusive talks with a major Chinese mining company about a potential investment in the company.

At 15p a share, Kryso is valued at 24.1m.

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