Oct 2 (Reuters) - Citigold Corporation Ltd CTO.AX :
* Update on kig transaction
* Says KIG has now advised Citigold that it has not yet completed the requisite
funding from external sources
* KIG has advised Citigold that kig requires additional time to complete such
funding
* Citigold has not agreed to extend any of the payment dates under the
agreement
* Citigold has reserved its rights under the agreement
* KIG has informed Citigold that KIG intends to proceed with the joint venture
when it completes the requisite funding
* It is a fact that the payment of the A$62 million under the agreement is not
due until 30 October 2015
* Citigold considers that A$62 million payment is the more important of the two
payments
* Citigold continues to advance its planning and preparation for its flagship
charters towers gold project
* On 26 August 2015, Citigold advised that it had agreed with KIG a revised payment timeframe in respect of the A$72 million payable in accordance with the agreement
* Source text for Eikon ID:nASX8wsqRc