REG - Griffin Mining Ld - RECEIPT OF DIVIDENDS FROM CHINA

Griffin MiningAnnouncement

24/08/2022 12:15

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RNS Number : 1028X  Griffin Mining Ld  24 August 2022

 

8(th) Floor, Royal Trust House, 54 Jermyn Street, London. SW1Y 6LX.  United Kingdom
Telephone: + 44 (0)20 7629 7772  Facsimile:  + 44 (0)20 7629 7773

E mail: griffin@griffinmining.com (mailto:griffin@griffinmining.com)

 

Receipt of Dividends  from China

 

24(th)  August 2022.

 

Griffin Mining Ltd ("the "Company" with its subsidiaries "the Group") is
pleased to announce that yesterday, it received into the Group's bank accounts
outside of China, dividends from its operating Chinese subsidiary, Hebei Hua
Ao Mining Industry Company Limited, in the amount of Renminbi 104,858,176
(US$15.2 million). The net funds were received in the normal course of
business and in normal electronic wire transfer times.

 

The Company hopes this allays the fears expressed by potential investors
concerning the repatriation of funds from China, particularly in light of the
recent political and economic commentary generated by this region.

 

 

About Griffin Mining Limited

 

Griffin Mining Limited's shares are quoted on the Alternative Investment
Market (AIM) of the London Stock Exchange (symbol GFM). Griffin Mining Limited
owns and operates in China, through its 88.8% owned Joint Venture stock
company, the Caijiaying Zinc Gold Mine, a profitable mine producing zinc,
gold, silver, and lead metals in concentrates. For more information, please
visit the Company's website www.griffinmining.com.

Further information

 

Griffin Mining Limited

Mladen Ninkov - Chairman
Telephone: +44(0)20 7629 7772

Roger Goodwin - Finance Director

 

Panmure Gordon (UK)
Limited
Telephone: +44 (0)20 7886 2500

             John Prior

             Ailisa MacMaster

 

Berenberg
 
Telephone: +44(0)20 3207 7800

            Matthew Armitt

Jennifer Wyllie

Deltir Elezi

 

BlytheRay

            Tim
Blythe
Telephone: +44(0)20 7138 3205

 

Swiss Resource Capital AG

            Jochen
Staiger
Telephone: +41 (0)71 354 8501

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) No. 596/2014

 

 

 

Griffin Mining Limited's shares are quoted on the Alternative Investment
Market (AIM) of the London Stock Exchange (symbol GFM).

The Company's news releases are available on the Company's web site:
www.griffinmining.com (http://www.griffinmining.com/)

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