Beowulf exercises option to increase stake in Vardar

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Mineral exploration and development company Beowulf said it had exercised its option in Vardar to invest a further £115,000, taking the company's ownership of Vardar to 40.1% from 37.6 %.

The decision to exercise the option followed a series of recent announcements about Vardar's exploration achievements at Mitrovica and Viti, and Beowulf's 'excellent' visit to Kosovo, the company said.

At 8:03am: (LON:BEM) Beowulf Mining PLC share price was -0.25p at 7.5p