Print   

Thursday 11 December, 2008

Central Afr. Min&Exp

Comment re Copper Resources C

RNS Number : 9800J
Central African Mining&Exploration
11 December 2008
 



Central African Mining & Exploration Company Plc

Index: AIM / Epic: CFM / Sector: Mining & Exploration


Central African Mining & Exploration Company Plc 

('CAMEC' or 'the Company') 

Comment re Copper Resources Corporation


CAMEC notes the announcement made by Copper Resources Corporation ('CRC') yesterday concerning CAMEC's 47% shareholding in CRC.


The directors of CAMEC consider that the board of CRC has acted improperly in seeking to disenfranchise CAMEC's shareholding in CRC and has failed to heed the detailed discussions that were held between CAMEC and CRC and its majority shareholder, Metorex Limited, earlier this year after CAMEC's purchase of shares in CRC.

CAMEC vigorously opposes the purported disenfranchisement and will use all avenues available to it to get the shares it holds re-enfranchised as soon as possible.


** E N D S**


For further information please visit www.camec-plc.com or contact:


Andrew Groves

CAMEC

Tel: 0845 108 6060

Jonathan Wright

Seymour Pierce Ltd

Tel: 020 7107 8000

Ben Brewerton

Financial Dynamics

Tel: 020 7831 3113



This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCEADAFFLNPFFE

Investegate takes no responsibility for the accuracy of the information within the site.


The announcements are supplied by the denoted source. Queries about the content of an announcement should be directed to the source. Investegate reserves the right to publish a filtered set of announcements. NAV, EMM/EPT, Rule 8 and FRN Variable Rate Fix announcements are filitered from this site.



Investegate      © 2012 FE. All rights reserved.