12th Dec 2005 18:18
Uranium Mining Corporation PLC12 December 2005 URANIUM MINING CORPORATION PLC ("UMC" or "the Company") ACTIVITY UPDATE UMC (AIM:UOX), Following the Company's announcement of 08 December, advising it was close toacquiring an option to purchase a substantial oil and gas asset in Kazakhstan,the Directors advise now that negotiations have been terminated. The vendor ofthe asset has agreed the sale with another higher bidding buyer with existinginterests in the same area. Rob Schoonbrood, Executive Chairman, "We are of course disappointed thatnegotiations for this particular oil field have not had the expected result. Weare currently looking at other attractive opportunities and have just commencednegotiations on an oil field of similar size and characteristics. We areconfident that we can keep to our current targets and timing." 12 December 2005 Uranium Mining Rob Schoonbrood +44 (0)20 7514 1480Corporation Executive Chairman Chris Kyriakou +44 (0) 20 7514 1482 Non-Executive Director Pelham Public Charles Vivian [email protected] +44 (0)20 7743 6672Relations Alisdair Haythornthwaite [email protected] +44 (0) 207 743 6676 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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