31st Mar 2006 17:36
UMC Energy PLC31 March 2006 UMC ENERGY PLC Change of Board Roles and termination of option interest UMC Energy Plc ("the Company") (AIM: UEP) announces that Rob Schoonbrood willmove from the role of Executive Chairman to the position of Non-ExecutiveDirector. Bob Cleary has been appointed as Chairman. The Directors wish to advise that, following upon a recommendation from theCompany's consulting geologist in respect of the exploration for economicuranium deposits in Quebec-Labrador, it is not intended to exercise its optionto acquire a 75% interest in its three blocks in the Labrador Trough, whereuponthe Company will cease to have any interest in these blocks. The Company iscurrently pursuing a range of energy and natural resources opportunities in newgeographical regions, and looks forward to announcing an update on operations indue course. 31 March 2006 For further information, please contact: UMC Energy Plc Chris Kyriakou +44 (0) 20 7514 1482 Non-Executive Director Pelham Public Charles Vivian [email protected] +44 (0) 20 7743 6672Relations Alisdair [email protected] +44 (0) 20 7743 6676 Haythornthwaite This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
UEP.L