28th Feb 2005 10:33
Silvermines Media PLC28 February 2005 Silvermines Media PLC 28 February 2005 Result of Extraordinary Meeting Silvermines Media PLC (AIM: SLV), a company admitted to trading on AIM on 15July 2004 to seek acquisition and investment opportunities, is pleased toannounce that all of the resolutions put before the Extraordinary GeneralMeeting today were duly passed. Accordingly, the 45,000,000 Placing Shares and 40,000,000 Consideration Shareshave been conditionally allotted subject to Admission, which is expected tooccur at 8.00am on 1 March 2005 and the Company's change of name to Cambrian Oil& Gas Plc will become effective at that time. Upon Admission, the members of the Concert Party will own approximately 45.8 percent. of the Company's issued ordinary share capital (assuming members of theConcert Party do not exercise any Warrants or Options). If all such Warrants andOptions were exercised the members of the Concert Party could be interested inup to 53.8 per cent. of the further enlarged share capital of the Company. Full details of the Proposals were set out in the Admission Document toshareholders dated 4 February 2005. The definitions in the Admission Documentalso apply to this announcement. For further information please contact: Cambrian Oil & Gas PlcNeale Taylor 0207 493 7671Paul Mc Groary, Non-Executive Director (former Chief Executive of Silvermines 07930 568 160Media PLC) W.H. IrelandTim Cofman 0121 616 2101 Parkgreen CommunicationsJustine Howarth/Victoria Thomas 0207 493 3713 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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