News: Robust Resources is close to sale of Kyrgyz Republic gold-copper assets

Robust Resources (ASX:ROL) has advised that shareholders of Mentum Inc (LON:MEN) have voted in favour of all resolutions relating to its acquisition of Robust’s Kyrgyz Republic Gold-copper assets.

Mentum is acquiring the assets through the issue of A$32 million worth of script to Robust.

This will give Robust a 87.3% stake in Mentum, which will change its name to Tengri Resources.

The Kyrgyz assets offer near-term development potential and have the capacity to deliver significant shareholder returns when exploited.

Robust also advised shareholders to take no action in regard to the all-cash $0.28 per share takeover offer from Hong Kong investment company Stanhill Capital Partners.

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