StockMarketWire.com - Highland Gold Mining has reported that, further to its announcement on 20 December 2018, it has completed the acquisition of the Valunisty mine and related companies from Aristus Holdings Limited after receiving confirmation of the legal transfer of ownership of the assets being acquired.

As part of the consideration for the acquisition, the company issued 38,621,343 ordinary shares to Aristus.

Highland Gold has applied for admission of these new shares to trading on the AIM Market of the London Stock Exchange at 8.00am on 2 January 2019. The new shares issued to Aristus, which are equal to 10.61% of the issued share capital of the company, are subject to a six-month lock-up agreement.




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