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DJ VI Mining PLC Corporate Update

TIDMVIM

RNS Number : 5977B

VI Mining PLC

31 January 2020

VI Mining plc

(the "Company" or "VI Mining"; NEX: VIM)

Corporate Update

On 31 December 2019, the Company announced that heads of agreement had been signed with (i) an established operator to start commercial operations at Cushuro and Oro Pesa in Peru; and (ii) the vendors of Minaspampa and Rosaro de Belen for the return of the concessions and assets and the cancellation of the Company's US$42 million payment obligation.

The agreement of definitive contracts on the terms set out in the two heads of agreement is ongoing and a further announcement will be made when that process has been completed.

Enquiries:

 
 VI Mining plc 
 Allan Rowley, CEO             +511 475 2363/+44 20 3744 2200 
 
 VSA Capital Limited 
 Andrew Raca / Pascal Wiese                     020 3005 5000 
 

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January 31, 2020 06:11 ET (11:11 GMT)