Kalahari Minerals plc / Ticker: KAH / Index: AIM / Sector:
Mining & Exploration
29 November 2011
Kalahari Minerals plc, the AIM listed resource company, notes
that Extract Resources
Ltd ('Extract'), in which Kalahari's subsidiary, Kalahari
Uranium Limited, holds a
42.76% interest, has announced that it is aware of
discussions between CGNPC Uranium Resources Co., Ltd.
('CGNPC-URC') and Epangelo Mining Company (Pty) Ltd
('Epangelo'), the Republic of Namibia's state-owned mining
company. Kalahari and CGNPC-URC are currently in discussions
relating to a possible offer for the entire issued share
capital of the Company, however there can be no certainty
that an offer will be made.
Extract states that it is aware of discussions between
CGNPC-URC and Epangelo relating to the possible acquisition
by Epangelo of a 10% interest in the Husab Uranium Project in
Namibia ('Husab'), which is wholly owned by Extract. However
a binding agreement regarding the acquisition of this
minority stake would be conditional on CGNPC-URC acquiring a
controlling interest in Husab.
Furthermore, Extract asserts that discussions between Extract
and Epangelo in relation to the possible acquisition of a 10%
interest in Husab on commercial terms by Epangelo are well
advanced. Extract states that the possible acquisition is
irrespective of any potential transaction between Epangelo
and CGNPC-URC.
Separately, discussions between Extract and Epangelo are well advanced around the possible acquisition on commercial terms by Epangelo of a 10% interest in the Husab Project, irrespective of whether or not any transaction involving CGNPC-URC occurs.
About Extract ResourcesExtract Resources Ltd is an international uranium exploration and development company whose primary focus is in Namibia. The company's principal asset is its 100% owned Husab Uranium Project which contains the fourth-largest uranium-only deposit in the world. Extensive exploration potential also exists for new uranium discoveries in the region. Extract Resources is listed on the Australian (ASX), Toronto (TSX) and Namibian (NSX) Stock Exchanges.
For further information, please visit www.extractresources.comor contact:Extract Resources: London Office Jonathan Leslie, CEO | Tel: +44 (0)20 7317 9220 |
Extract Resources: Perth Office Siobhan Lancaster, Company Secretary/Corporate Affairs | Tel: +61 (0)8 9367 2111 slancaster@extractresources.com |
Extract Resources: Namibia Tom Ferreira Nomvula Kambinda | Tel: +27 (83) 2646188 tom@swakopuranium.com.na Tel: +264 (0) 61 300 220 nomvulak@swakopuranium.com.na |
Australian Media Enquiries: MAGNUS Investor Relations/Corporate Communication (Australia) John Gardner and Dudley White | Tel: +61 (0)2 8999 1010 Mob: +61 (0)413 355 997 Mob: +61 (0) 413 439 883 |
UK Media Enquiries: Brunswick Group (UK) Carole Cable / Pip Green | Tel: +44 (0)20 7404 5959 |
For further information please visit www.kalahari-minerals.com or contact:
Mark Hohnen | Kalahari Minerals plc | Tel: +44 (0) 20 7292 9110 |
Simon Raggett | Strand Hanson Limited | Tel: +44 (0) 20 7409 3494 |
Rory Murphy | Strand Hanson Limited | Tel: +44 (0) 20 7409 3494 |
Samantha Harrison | Ambrian Partners Ltd | Tel: +44 (0) 20 7634 4700 |
Geoff Rasmussen | Azure Capital Limited | Tel: +61 (0) 8 6263 0888 |
Rory Scott | Mirabaud Securities LLP | Tel: +44 (0) 20 7878 3360 |
Hugo de Salis | St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |
Susie Geliher | St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |
distribué par | Ce noodl a été diffusé par Kalahari Minerals plc et initialement mise en ligne sur le site http://www.kalahari-minerals.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2011-11-29 11:17:02 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
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