PG Alluvial Mining PLC Files Prospectus for GXG Market Listing
18.04.2013 | Globenewswire Europe
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London, United Kingdom. 18(Th) April 2013.
PG5 is now currently in the process of completing its mid-term financial statements and will be submitting a full prospectus allowing the company to be part of the regulated segment of the GXG Market, known as the Official List. PG5 looks set to reach its goal of entering the regulated markets on the back of recent successes at its key concession Bagoe River. Production has been fully under-way for a little over 2 months and the company has just delivered an impressive 5.2 KG gold in its first production cycle. This latest announcement by PG5 is set to further impress stakeholders as well as ensure investor protection and is therefore, seen as a tremendous boost to the young mining company.
Founded in 2010 by Jacky Pluton, who last March unveiled ambitious objectives for PG5, now plans to further increase its production volumes in a bid to expand the company. PG5 looks certain to achieve this given that production levels are expected to exceed the 4300 troy ounce barrier this year. News of their move to the Official List and its latest impressive gold yield will no doubt catch the eye of potential investors looking to take advantage of the PG5's latest upswing. Once quoted on the regulated market, the company will therefore, be eligible for further listing on other Euro Zone bourses such as Frankfurt and Berlin.
Talking about PG5's move to the regulated market, company founder and CEO Jacky Pluton said "We are now at a pivotal time in the company's young history having successfully transitioned our 'test' years. We are now fully entering anunprecedented production cycle which will certainly satisfy stakeholders and demonstrate full investor confidence. Our prospective move the regulated portion of GXG Market heralds a period of significant growth for us and long term cements confidence in PG5 and the future of alluvial gold mining in Mali. This is a concentrated effort in expansion and increasing of production to satisfy investors and stakeholders." said Pluton.
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About PG Alluvial Mining PLC (PG5)
PG Alluvial Mining PLC (PG5) is a fully diversified resource organization focusing on alluvial mining of gold, and is located in the third most abundant gold producing areas of West Africa, Mali. Since it's inception in 2011 PG5 has spent considerable time, resources and capital investigating, testing and carefully putting into place the required infrastructure for a profitable gold mining operation. Founded by Jacky Pluton, the company has offices located in Mali, Dubai and London. PG5 Alluvial Mining PLC (PG5) is an established UK incorporated gold mining company. PG5 has secured its future in mining with more than 12 concessions for gold mining operations in key strategic locations throughout Mali. It is fully operational concentrating first on small scale river dredging during the initial years which has enabled the company to explore, address and refine critical issues relating to its operational logistics and production infrastructure. PG5 has built substantial government relationships during that time. During the test years PG5 has successfully extracted and exported over 28KG of gold at an average yield 2g/ton. The company is shifting it's gears into production from development with a substantial number of further investments in infrastructure and state of the art technology and as a result anticipates significant increase in production. PG5 is fully licensed to perform all aspects of alluvial and surface mining, exploration, mine development, production,purchase, transportation and exportation of precious metals. PG5 is focused to become a highly profitable mining operation adding value to all stakeholders. PG5 follows responsible and sustainable mining practices and environmentally friendly gravimetric extraction processes and is dedicated to further advancing its corporate social responsibility across all of its operations.
For further information contact:
April Hobbs Public Relations Manager
MLDS Public Relations Management LLC
Concord Tower Suite 16. 22nd Floor
Media City, Dubai UAE
april@mlds.co
Telephone : 9714 4364216
Fax: +9714 4470317
Mobile : +97150 4378921
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Source: PG Alluvial Mining PLC via Thomson Reuters ONE
[HUG#1694148]
Unternehmen: PG Alluvial Mining PLC - ISIN: GB00B5V7P653