For immediate release
Stock Exchange Announcement
2 May 2008
COPPER RESOURCES CORP
("the Company")
Change in Shareholdings
Copper Resources Corp would like to draw attention to the announcement released
on 1 May by Central African Mining & Exploration Company plc ("CAMEC") that
CAMEC has entered into an agreement to acquire 22,320,333 shares in CRC at 200p
pence per share, representing an effective interest of 25.98% in CRC, which
will be satisfied partly by the allotment of new CAMEC shares and partly by
cash consideration of approximately £8.9 million. Completion of this
transaction is subject to the Admission of the newly allotted CAMEC Shares to
trading on AIM.
CAMEC has also acquired a further 52,500 shares in CRC in on-market trading.
Following the announcement made by CAMEC on 21 April that it had acquired an
interest of 18,152,500 CRC shares, amounting to 21.13% of CRC's issued share
capital, CAMEC is now interested in a total of 40,525,333 CRC shares,
representing 47.17% of the issued share capital of CRC.
Copper Resources Nabarro Wells & Fox-Davies GTH
Corporation Co. Limited Capital Limited
Communications
Jeff Carel Hugh Oram Richard Hail Toby Hall
Company Secretary
+27 (0) +44 (0) +44 (0) +44 (0)
11 803 1073 20 7710 7400 207 936 5200 20 7153 8035