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Epic & Msn data
Epic GGG
Time: 16:30:12
Mid Price: 2.93
Change Today: 0.00
Change % Today: 0.00
Fifty Two Week High: 3.88
Fifty Two Week Low: 1.50
Market Capital: 5.77
Period & price data
Period Price
Now: 2.93
3 Months ago:
6 Months ago:
1 Year ago:
Additional information
Additional Information
Market: AIM
Sector: General Mining - Gold
Epic: GGG
News: Latest news
Web Site: Central China Goldfields
Other Articles: 19-02-201011-02-201027-01-2010

Central China Goldfields

Central China Goldfield's principal objective is to increase shareholder value by exploring for, acquiring and developing gold and other mineral prospects in the People’s Republic of China.

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Tuesday, June 02, 2009

Central China Goldfields shares suspended pending possible offer for Nimu Copper Project

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Shares in Central China Goldfields (AIM: GGG) were suspended this morning after the company said it had received an approach from the Sichuan Bureau of Metallurgy and Geological Exploration (‘Sichuan’) about a acquiring the company’s interest in the Nimu Copper Project.

Central China Goldfields completed its obligations to earn a 30% interest in the Nimu Project in January 2009, after completing several seasons of exploration drilling, mapping, trenching and geological surveying.  The work completed underlined the potential for a world class copper-molybdenum porphyry project at Nimu.  Central China also recently announced that it had identified significant amounts of rhenium in the assays.

Central China went on to note that any transaction would likely constitute a formal change of business hence it requested a suspension in its trading.

“At the present time the terms of any transaction, including the level of consideration, is unclear and there is no certainty that a formal offer will be forthcoming,” the company added.

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