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Asiamet Resources Limited
Video analysis: KMGLF
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News: KMGLF
Asiamet jumps 12% as KSK sale brings $93m shareholder payout
Asiamet Resources Ltd (AIM:ARS, OTC:KMGLF, FRA:0FK) traded at 2.08p, up 12%, on Wednesday after completing its KSK sale and approved a $93 million special dividend. The miner received $104.9 million from Norin Mining (Hong Kong) Limited for Indokal Limited, the subsidiary holding its entire interest in the KSK project.
Asiamet shares jump as miner clears KSK project sale hurdles
Asiamet Resources Ltd (AIM:ARS, OTC:KMGLF, FRA:0FK) said all conditions precedent to the proposed sale of its wholly owned subsidiary, Indokal Limited, had been satisfied or waived. The update from the company came as its shares traded at 1.80p, representing an 8% daily gain.
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