AOR apollo series 2013-1 trust

Aurion Gold sell off.

  1. 1,380 Posts.
    What Fools are selling???

    MEDIA RELEASE 22.8.02 17:56;29


    AurionGold Limited (ASX: AOR), has today sold its remaining 21% stake
    in Zimbabwe Platinum Mines Limited ("Zimplats" - ASX: ZIM). The stake
    has been purchased by a wholly owned subsidiary of Impala Platinum
    Holdings Limited.

    The shares in Zimplats were sold at a price of A$1.90 per share,
    resulting in proceeds before tax of A$35.3 million.

    AurionGold indicated at the time of its annual results that it
    intended to sell non-core assets and distribute proceeds to
    shareholders. The sale of the Zimplats stake is consistent with this
    stated intention and net proceeds will be distributed as foreshadowed
    in the current financial year.

    The Board of AurionGold will meet in October to consider the timing
    of this distribution, in light of the progress made on the sale of
    other non-core assets by the company.

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