REG - Tengri Resources - Disposal Update <Origin Href="QuoteRef">TENT.L</Origin>

Triple Point Energy TransitionAnnouncement

11/05/2016 07:05

RNS Number : 8527X
Tengri Resources
11 May 2016
Tengri Resources
("Tengri" or the "Company")
Disposal Update
Tengri Resources(AIM: TEN),provides the following update regarding the disposal (the "Disposal") of Kami Associates Limited and Tatiana Limited to Socagest SA ("Socagest") which is currently unconditional subject only to the receipt of $5m being the amount due from Socagest pursuant to the sale agreement (the "Completion Amount").
Socagest have informed Tengri that they wish to pay the Completion Amount pursuant to the following deferred schedule:
Amount
Date
$1,500,000
11/05/2016
$500,000
12/05/2016
$500,000
13/05/2016
$500,000
17/05/2016
$500,000
23/05/2016
$500,000
26/05/2016
$1,000,000
31/05/2016
Tengri has accepted this proposal. As previously announced, the Disposal will only become unconditional once the full Completion Amount has been received.
For further information, please contact:
Tengri Resources

Peter Moss
+44 20 3301 9346
finnCap Ltd (Nomad)

ChristopherRaggett/GrantBergman/JamesThompson
+44 20 7220 0500
Peterhouse Corporate Finance Limited (Broker)

Charles Goodfellow
+44 20 7469 0936

This information is provided by RNS
The company news service from the London Stock Exchange
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