• Wednesday 24th August 2022

Receipt of Dividends from China

Receipt of Dividends from China

Receipt of Dividends  from China

 24th  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                  Telephone: +44(0)20 7629 7772

   Mladen Ninkov – Chairman

   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                     Telephone: +44(0)20 7138 3205

   Tim Blythe

Swiss Resource Capital AG                         Telephone: +41 (0)71 354 8501

   Jochen Staiger