TNG Limited (ASX: TNG) advises that at 5:35 PM on Friday, 11 September 2015 it received a letter from a substantial shareholder of the Company, Ao-Zhong International Mineral Resources Pty Ltd (Ao-Zhong), notifying the Company that Ao-Zhong had reduced its shareholding in the Company to 44,978,812 shares by selling 17.271 million shares on-market on 10 and 11 September 2015. A copy of the letter is attached to this announcement. Ao-Zhong, a subsidiary of the East China Mineral Exploration & Development Bureau (“ECE”), acquired its shareholding in TNG in November 2011 via a placement at $0.11 per share. The Company is not aware of the reason for Ao-Zhong’s sell-down or of its intentions in relation to the balance of its holding.
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