NU. Nufcor

 

TIDMNU. 
 
RNS Number : 4694U 
Nufcor Uranium Limited 
25 June 2009 
 

 
 25 June 2009 
NUFCOR URANIUM LIMITED ("NUL" or the "COMPANY") 
TERMINATION OF ADVISORY SERVICES AGREEMENT AND CUSTODY AGREEMENT 
NUL announces today that it has terminated, with immediate effect, its advisory 
services agreement with Nufcor International Limited ("NIL") and Nufcor Capital 
Limited ("NCL") (the "Advisory Services Agreement") and its custody agreement 
with NCL (the "Custody Agreement"). 
Following material changes within NIL and NCL in recent months, NUL has 
terminated the Advisory Services Agreement in accordance with its terms. NUL's 
board will solicit formal proposals to replace NCL as its investment adviser in 
due course. 
Following termination of the Advisory Services Agreement, NCL no longer has the 
right to appoint a Director to the Board of the Company. 
Following termination of the Custody Agreement, the Board is considering a 
number of alternatives for the future custody of the Company's uranium assets 
(the "Company Uranium").Pursuant to the terms of the Custody Agreement, NUL has 
agreed to notify NCL of the new arrangements within 90 days of termination and 
the Company Uranium will remain in the custody of NCL until such new 
arrangements have been put in place. The Board is confident that new 
arrangements for the storage of the Company Uranium will be put in place within 
this 90 day period. 
ENQUIRIES: 
+---------------------------------------------+----------------------------+ 
| Nufcor Uranium Limited                      | +27 827 880 094            | 
| Kelvin Williams                             |                            | 
| (Chairman)                                  |                            | 
+---------------------------------------------+----------------------------+ 
| Canaccord Adams Limited, Joint Broker       | +44 207 050 6500           | 
| Ryan Gaffney                                |                            | 
| Adria Da Breo Richards                      |                            | 
+---------------------------------------------+----------------------------+ 
| Deutsche Bank AG, Nominated Adviser and     | +44 207 545 8000           | 
| Joint Broker                                |                            | 
| Rupert Green                                |                            | 
+---------------------------------------------+----------------------------+ 
| Smithfield                                  | +44 207 360 4900           | 
| Rupert Trefgarne                            |                            | 
+---------------------------------------------+----------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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