Ausmex Mining extends Gilded Rose Gold settlement after Coronavirus threat to Chinese buyer

Ausmex Mining Group Ltd (ASX:AMG) is working closely with representatives of Jin Resources (HK) Limited regarding the sale of the Gilded Rose Gold Project following advice that Jins principal and his family were quarantined for Coronavirus.

The principal and members of his family fell ill around mid-January after one of their infants showed symptoms of the virus.

Extension granted

Jin Resources sent a request for an extension to the settlement period for the $4 million Gilded Rose sale and in response Ausmex has granted an extension to February 14, 2020

The unfortunate personal circumstances, ongoing political uncertainty in Hong Kong, further unrest due to the quarantine initiatives taken there, plus additional delays caused by the Chinese New Year holidays have been cited as reasons for the delays.

Settlement imminent'

As part of that request Jin Resources advised that the settlement was imminent and reconfirmed its strong, ongoing interest and intention to complete the purchase.

Ausmex is sympathetic to the devastating effects of the Coronavirus, the related uncertainties surrounding that, and the other factors as mentioned above, on Jin Resources ability to complete the purchase of the Gilded Rose Gold proRead More – Source

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