Griffin Mining Ld RECEIPT OF DIVIDENDS FROM CHINA (1028X)
24 August 2022 - 1:09PM
UK Regulatory
TIDMGFM
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
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
J ochen 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
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END
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