KIG Mining Plc.
KIG Mining Plc:First acquisition in final negotiation
KIG Mining Plc / Strategic Company Decision Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Esher, 25.05.2009 - The Chairman and CEO, Mr. Kaprelian reported that a business plan for one of the operations in South Africa which is in the final negotiation stages has been approved by the executive board and ready for implementation. This acquisition is a running concern in a proven rich area in the Northern Cape Province of South Africa. Details on this acquisition and the relevant operational plan will be made available on the Company's website and in related public media shortly. With the financial backing available at the disposal of KIG Mining Plc, the company is intensely pursuing various other mining concerns in mineral rich areas with productive operations in the southern African region. The company has access to a substantial amount of capital for the upgrade and increase of production in the projects considered. Several supply contracts with consumers are being negotiated, providing a stable business relation throughout the operations. Chairman KIG MINING PLC Thames House, Portsmouth Road Esher, Surrey KT10 9AD Contact: Mr. Vicken Kaprelian (CEO) Tel: +44 (079) 3713 333 Fax: +27 866 706 978 Email: ir@kigmining.com About KIG MINING PLC: KIG Mining Plc is a public company, registered under the laws of the United Kingdom. The southern African operations are managed from the KIG Mining offices in Pretoria, South Africa with field offices near the relevant mining sites. The company's business is focused on gold and diamond mining and has been active in various concession areas in West Africa. Since 2008, the company started moving interest to southern Africa and has been investigating several opportunities in the sub-continent. During the first quarter of 2009 it was ultimately decided by KIG Mining Plc's board of directors to move the focal point to southern Africa in order to benefit from a higher mineral deposit, proven quality and minimised risk. First properties have been acquired on the Orange River, downstream from the legendary Kimberley region in South Africa, known for its proven high quality gem diamonds. Progressive negotiations are on track regarding the acquisition of rich gold deposits in eastern South Africa as well as an operation on kimberlitic pipes in Botswana. Various other alluvial and kimberlitic deposits are also under consideration. With the current acquisitions, KIG Mining Plc is foreseeing a highly lucrative long term business growth in this historically proven mineral rich region. KIG MINING PLC Thames House, Portsmouth Road Esher, Surrey KT10 9AD Contact: Mr. Vicken Kaprelian (CEO) Tel: +44 (079) 3713 333 Fax: +27 866 706 978 Email: ir@kigmining.com 25.05.2009 Financial News transmitted by DGAP ----------------------------------------------------------------------
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