Looks like KGL have arranged finance for purchase of Andash.This is a major step forward.
Aurum Mining Kentor To Buy Stake In Andash Project For $15M
19/10/2009 8:17PM
LONDON (Dow Jones)--Aurum Mining PLC (AUR.LN), said Monday that Kentor Gold Limited (KGL.AU)has notified the company that, it is exercising its options to acquire Aurum's stake in the Andash project and the associated mining fleet for a total consideration of $15,000,000.
MAIN FACTS:
-The parties are working towards finalizing the terms of the disposal agreement and anticipate such agreement being entered into during the course of the next few days, at which point Aurum will dispatch a Circular to Shareholders convening a General Meeting at which Shareholders will be asked to approve the disposal.
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; [email protected]
go-ahead for andash purchase
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