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Resolute Mining Limited — Capital/Financing Update 2021
Aug 19, 2021
10548_rns_2021-08-19_79dac82a-4490-4a5f-b5c1-94087706f19a.pdf
Capital/Financing Update
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20 August 2021
Sale of Bibiani Gold Mine Com leted p
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Resolute Mining Limited (Resolute or the Company) (ASX/LSE:RSG) is pleased to confirm the successful completion of the sale of the Bibiani Gold Mine (Bibiani) in Ghana to Asante Gold Corporation (Asante) for total cash consideration of US$90 million (see ASX Announcement dated 5 August 2021).
Resolute has received the initial US$30 million cash payment from Asante with the balance of consideration payable in two equal instalments of US$30 million on or before six and twelve months following completion.
The sale of Bibiani was undertaken as part of Resolute’s strategic focus on its core operating assets and to strengthen the balance sheet. The initial cash receipt of US$30 million will be applied to the voluntary early repayment of debt. No material tax implications are expected following the completion of the transaction.
For further information, contact:
Resolute
Stuart Gale, MD & CEO Telephone: +61 8 9261 6100 Email: [email protected] Web: 34Twww.rml.com.au34T
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Berenberg (UK Corporate Broker)
Matthew Armitt / Detlir Elezi Telephone: +44 20 3207 7800
Tavistock (UK Public Relations)
Jos Simson / Oliver Lamb Telephone: +44 207 920 3150 / +44 778 855 4035 Email: [email protected] 34T
FTI Consulting (Australian media)
Cameron Morse / James Tranter Telephone: +61 433 886 871 Email: [email protected] 34T
Authorised by Mr Stuart Gale, Managing Director & Chief Executive Officer
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