Auplata (Euronext Growth - FR0010397760 - ALAUP), the leading French listed gold producer, announces that it has crossed the threshold of 10% of the capital of Element ASA (ISIN code NO0003055808), Norwegian investment company in the mining sector listed on the Oslo Stock Exchange. It currently holds 9,600,000 shares, representing 14% of the share capital, which makes it the main shareholder of the norwegian company.
Through this acquisition, Auplata is showing interest in Element ASA's mineral resources. Auplata also believes in potential synergies with Element ASA and, in particular, with the latter's Initial Coin Offering (ICO) project.
Based in French Guiana, Auplata is the largest French, stock-market listed gold producer. The Company has more than 700 sq km of mining permits and titles in French Guyana. Auplata operates an innovative industrial and financial strategy, aimed at developing and exploiting Guianese gold resources with the strong involvement of local players. The Company's objective is to offer sustainable exploitation for the Guianese mining industry. Since June 2015, Auplata is a shareholder in the Côte d'Ivoire mining company OMCI, which owns two mining projects in Côte d'Ivoire.
Auplata's share are listed on the Euronext Growth market in Paris (Euronext). ISIN: FR0010397760 – ALAUP; ICB: 1777 – Gold Mining.
For more information about Auplata, go to www.auplata.fr.