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Kryso Resources

  • BY: Andrew Hore |
  • POSTED: 02/09/2010 |

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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