- Trans-Siberian Gold "TSG") has received official notification of the cancellation of its Rodnikova licence.

It has previously reported that the licence was due to expire at the start of this month and that it had maintained the full impairment provision recognised in 2012 in respect of the exploration and evaluation costs incurred at Rodnikova.

The company applied to the federal authorities for an extension of the licence term in order to evaluate the cost effectiveness of various technical solutions but has been unsuccessful.

The termination of the Rodnikova licence will have no material impact on TSG's 2014 financial statements.

At 8:42am: [LON:TSG] TransSiberian Gold PLC share price was -0.75p at 11.13p

Story provided by