Kalahari Minerals plc Statement Re Possible Offer

Kalahari Minerals plc Statement Re Possible Offer

The Board of the Company notes the recent rise in the Company’s share price.
 
On 21 February 2011 the Company announced it was holding discussions with Extract Resources Ltd, in which Kalahari holds an approximate 43% interest, to explorevarious different options that might simplify the Extract/Kalahari shareholding structure to facilitate a combination of Extract’s Husab Uranium Project with the neighbouring Rössing Uranium Mine owned by Rio Tinto plc. These discussions remain ongoing and there is no certainty that the parties will reach any agreement.
 
The Company further confirms that it is in talks with a third party, which may or may not lead to an offer being made for the entire issued share capital of the Company. Discussions are continuing and a further announcement will be made when appropriate.
 
Consequently the Company is considered to be in an “Offer Period”.The Company confirms that it has 245,424,578 ordinary shares of 1 pence each in issue.  The ISIN reference for these securities is GB00B117S132

No Comments

Post a Comment