15th Mar 2007 10:29
Weatherly International PLC15 March 2007 Weatherly International plc (the "Company") WEATHERLY INTERNATIONAL COMPLETES THE DISPOSAL OF FORSYS STAKE Further to its announcement on 16 January 2007, Weatherly International plc("Weatherly") is pleased to announce that it has now completed the sale of itsstake in Forsys Metals Corp ("Forsys"). This brings the total cash proceeds ofthe Forsys transaction to £5.0 million. The Chief Executive Officer, Mr. Webster said "Weatherly saw an opportunity torealise its investment. The proceeds are earmarked to underpin continued minedevelopment at the Tschudi and Tsumeb West mines and to further evaluate theMulti Pit Project at Kombat. We continue to have a strong relationship withForsys through our collaboration on the Elbe copper prospecting licence inNamibia." For further information contact:Weatherly International plcJohn Norris +44 (0) 20 7917 2989 Libertas Capital Corporate FinanceStephen Pickup +44 (0) 20 7569 9650 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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