Shares up at Falkland
Written by Business Weekly   
Tuesday, 16 November 2004
Falkland Island Holdings’ (FIH) share prices rose over 14 per cent after it revealed that Falkland Gold and Minerals Ltd (FGML) was to raise up to £8m and apply for the admission of its shares to trading on AIM. Falkland Island Holdings’ (FIH) share prices rose over 14 per cent after it revealed that Falkland Gold and Minerals Ltd (FGML) was to raise up to £8m and apply for the admission of its shares to trading on AIM.

FIH has a 21.9 per cent interest in FGML, which was incorporated in February 2004 and has begun an exploration programme for gold and other minerals in the Falkland Islands.

FGML holds the only licence to explore for gold and minerals, giving it exclusive exploration rights to substantially all of the onshore land mass of the Falkland Islands.

The licence, currently valid to January 2007, will be extended by the Falkland Islands government to July 2009 on admission to AIM.

 
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