Weatherly International PLC Berg Aukas Update (1820R)
13 Junho 2018 - 3:00AM
UK Regulatory
TIDMWTI
RNS Number : 1820R
Weatherly International PLC
13 June 2018
13 June 2018
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014. Upon the publication of
this announcement via the Regulatory Information Service, this
inside information is now considered to be in the public
domain.
Weatherly International plc (AIM:WTI)
("Weatherly" or the "Company")
Berg Aukas Update
Further to the announcements of 5 February 2018 and 26 April
2018, Weatherly is pleased to announce that it has received
regulatory approval, from the Namibian Competition Commission, in
relation to its acquisition of a further 65% interest in China
Africa Resources Namibia Limited ("CARN") (the "Acquisition").
All conditions precedent to the Acquisition have therefore now
been satisfied and the Acquisition has therefore completed in
accordance with the terms of the binding agreement between the
Company and Hong Kong East China Non-Ferrous Mineral Resources Co
Ltd.
Accordingly, the Company now has a 90% interest in CARN, which
owns 100% of the high-grade Berg Aukas underground
zinc-lead-vanadium project near Grootfontein.
The Company remains in administration and its ordinary shares
remain suspended from trading on AIM.
Further announcements will be made as required.
For further information please contact:
FTI Consulting LLP +44 (0) 20 3727 1342
(Administrators)
Simon Kirkhope / Andrew Johnson
Strand Hanson Limited +44 (0) 20 7409 3494
(Nominated Adviser & Broker)
Rory Murphy / James Dance / Jack Botros
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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