Jingui Silver to acquire 65% shares of Yubang Mining

Jingui Silver announced late 27 May the company signed a share transfer intention agreement with relevant shareholders of Yubang Mining, and reached initial intention with the interested parties on the company's acquisition of 65% stake of Yubang Mining.Asian Metal Copyright .Asian Metal Copyright If the company signs a formal agreement with the counterparty, the amount of the transaction is expected to be RMB2.Asian Metal Copyright0-2.Asian Metal Copyright0-2.Asian Metal Copyright If the company signs a formal agreement with the counterparty, the amount of the transaction is expected to be RMB2.Asian Metal Copyright4 billion (the specific amount is to be discussed).Asian Metal Copyright Yubang Mining mainly engages in mining, processing and marketing of lead, zinc and silver resources.Asian Metal Copyright The matter will constitute a major asset restructuring.

Yubang Mining mainly engages in mining, processing and marketing of lead, zinc and silver resources. The announcement shows that Yubang Mining currently has the mining license of "silver & lead mine in the Inner Mongolia Bahrain Left Banner Shuangjianzi mount", and the main asset is the silver-lead-zinc mine in the Shuangjianzi mountain of Bahrain Left Banner, Chifeng, the Inner Mongolia Autonomous Region.Asian Metal Copyright .Asian Metal Copyright According to the record of the mineral resources reserves appraisal issued by Land and Resources department of Inner Mongolia Autonomous Region in December 25, 2017, the silver-lead-zinc mine is a super large silver-zinc-lead deposit with silver as the main ore.Asian Metal CopyrightJingui Silver announced late 27 May the company signed a share transfer intention agreement with relevant shareholders of Yubang Mining, and reached initial intention with the interested parties on the company's acquisition of 65% stake of Yubang Mining.Asian Metal Copyright At present, the reserves of main and symbiotic mineral resources ascertained include 18,602.Asian Metal Copyright The matter will constitute a major asset restructuring.Asian Metal Copyright05 metal tons of silver, 861,400 metal tons of lead, and 1.Asian Metal Copyright At present, the reserves of main and symbiotic mineral resources ascertained include 18,602.Asian Metal Copyright9153 million metal tons of zinc.

.Asian Metal Copyright At present, the reserves of main and symbiotic mineral resources ascertained include 18,602Asian Metal Copyright