2nd Dec 2005 10:59
2 December 2005 APPROVAL OF AMALGAMATION Nelson Resources Limited ("Nelson") (TSX/AIM: NLG) is pleased to announce todaythat its shareholders approved the amalgamation (the "Amalgamation") of Nelsonwith and into Caspian Resources Investments Ltd. ("Caspian"), a wholly-ownedsubsidiary of Lukoil Overseas Holding Ltd. ("Lukoil"). The Amalgamation wasapproved by 97.07% of the votes cast by shareholders voting at the meeting.Subject to the satisfaction of the other conditions contained in the Agreementto Amalgamate among Nelson, Caspian and Lukoil, it is anticipated that Caspianwill file articles of merger in the British Virgin Islands to give effect tothe Amalgamation on December 5, 2005.On the Amalgamation becoming effective, Nelson will cease to exist and allshares of Nelson will be cancelled. In lieu of their shares, all holders ofNelson Shares ("Nelson Shareholders"), other than dissenting NelsonShareholders and Lukoil and its affiliates, will be entitled to receive a cashpayment of US$2.19162 per Nelson share. Dissenting Nelson Shareholders will beentitled to claim payment of the fair value of their shares, as fixed by aBermuda court, provided they comply with the dissent procedures of applicablelaw.For further information, please contact:----------------------------------------Nick Imboden Tel: 020 7495 8908Nelson Resources Limited [email protected] Relations:Nick Lambert Tel: 020 7861 3232Bell Pottinger Corporate & Financial (London)ENDNELSON RESOURCES LIMITEDRelated Shares:
NLG.L