RNS Number : 5045Y
Lithic Metals and Energy Limited
04 September 2009
(AIM:LMY)
Lithic Metals and Energy Limited ('Lithic Metals' or 'the Company')
Change of Nominated Adviser and Broker and Strategic Review
Following the appointment of the new Board of Lithic Metals announced on 1 July, the Company is pleased to announce the appointment of Seymour Pierce Limited as its Nominated Adviser and Broker with immediate effect.
The Board is continuing with its strategic review of the Company, which has included an independent assessment of the assets of the Company, and is considering the acquisition of new complementary projects. In this regard, one possibility which is being actively pursued is a potential merger with a larger company and the Board is currently actively negotiating with one party that could result in such a strategic merger. A further announcement will be made as soon as is appropriate.
Enquiries:
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Lithic Metals and Energy Limited
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David Weill, Chairman
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T: +44 20 7881 0180
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Seymour Pierce
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Nicola Marrin
Catherine Leftley
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T: +44 20 7107 8000
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UK City Code on Takeovers and Mergers (the 'Code')
For the avoidance of doubt, the Company is not subject to the Code and accordingly investors should be aware that they are not afforded the protections of the Code.
This information is provided by RNS
The company news service from the London Stock Exchange
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