GobiMin completes disposal of Balikun Coal Project in China

Toronto-based GobiMin Inc. announced that it has completed the disposal of the Balikun Coal Project in China after receiving a final payment of US$7.6 million. GobiMin received a total consideration of US$30.4 million including proceeds of the disposal, repayment of the loans for the Balikun Coal Project. GobiMin is engaged in the exploration, development and exploitation of mineral properties in China.