18th Nov 2010 16:30
18 November 2010 AIM: FML
Frontier Mining Ltd
("Frontier" or "the Company")
Delay to implementation of the Re-domicile and Asset Acquisition
Further to the announcement on 18 October 2010 regarding the proposed re-domicile of the holding company of the group from Delaware, USA to the Cayman Islands (the "Re-domicile") and the proposed acquisition of interests in the Benkala Copper Project and the Maminksaya Gold Project from Coville Intercorp Ltd (the "Asset Acquisition") in which it was stated that the proposals required certain permits, waivers and consents from certain Kazakhstan government bodies to be granted, the Company announces that its applications to the Kazakhstan Ministry of Industry and Trade (the "Ministry") for consents to the Re-domicile and the Asset Acquisition (the "Consents") have been submitted to the Ministry and the Company is awaiting its response. The Re-domicile and the Asset Acquisition will be implemented as soon as practicable after the required consents have been granted.
The Company's shares will therefore continue to trade on AIM for the time being and the shares of the FML (Cayman) will not commence trading on 23 November 2010 as previously anticipated.
Further announcements in connection with the Consents, the Re-domicile and the Asset Acquisition will be made in due course.
Enquiries:
Frontier Mining Ltd George Cole +44 (0)20 7898 9019
Libertas Sandy Jamieson +44 (0)20 7569 9695
Related Shares:
FML.L