StockMarketWire.com - Georgian Mining Corporation said lawmakers in Georgia were getting closer to approving the company's exploration permit.

A Georgian government resolution on the permit was included in a cabinet meeting at the end of December, the company said.

'During the meeting there were minor points for clarification raised with the mining agency, which were satisfactorily addressed and we are now awaiting the final approval,' chief executive Mike Struthers said.

'It is our understanding that all of the ministries have responded positively and there continues to be strong support for the application.'

'We look forward to updating the market when we have further news.'


At 1:29pm: [LON:GEO] Georgian Mining Corporation Ord Npv Di share price was -0.5p at 5.95p



Story provided by StockMarketWire.com