Vatukoula Gold Mines is in continued discussions with Zhongrun Resources Investment Corporation in relation to its intention to purchase VGM shares from other shareholders who wish to sell their shares.

This follows the cancellation of the mines listing on the AIM Exchange on May 30, last year.

The Non-Executive Director of VGM, Yingbin Ian says they have been informed that Zhongrun and its financial advisers have started the preparation work including opening a special broker account to handle share purchases.

In a statement this week, Yingbin said Vatukoula Gold Mines has been informed that the purchasing process is expected to start at the end of the month.