16th Oct 2009 10:45
NATASA MINING LTD
('the Company')
Increase in equity ownership in UMC Energy plc
Natasa Mining has increased its equity interest in AIM listed UMC Energy plc (UMC) from 20.58% to 89.99% as a result of the capitalisation of A$2.4 million (£1,345,920) of UMC's indebtedness to Natasa into 213,638,095 new ordinary shares of 0.5p each in UMC, equating to a conversion price per share of 0.63p.
UMC has an 80% interest in the Morondava uranium project in Madagascar, so Natasa's indirect interest in this project will increase from 16.5% to 72%.
Enquires to:
Chrisilios Kyriakou, Chief Executive Officer
Natasa Mining Limited
Telephone: 020 7514 1480
James Joyce / David Porter
WH Ireland Limited
Telephone: 020 7220 1666
Related Shares:
UEP.L