15th Oct 2007 11:40
Ambrian Capital PLC15 October 2007 15 October 2007 AIM: AMBR Ambrian Capital plc Ambrian appointed Nominated Advisor and Joint Broker to Centamin Egypt Limited Ambrian Partners Limited ("the Company"), the wholly-owned corporate finance andstockbroking subsidiary of Ambrian Capital plc, announces that it has beenappointed Nominated Advisor and joint broker to Centamin Egypt Limited ("Centamin"). Centamin has been exploring for gold in Egypt for 12 years and in 2005 wasgranted a 160km2 exploitation lease over the Sukari Hill Gold Project. The current resource at Sukari is 10.45 million ounces of gold (Measured:2.6Moz, Indicated: 4.2Moz, Inferred: 3.6Moz), with ongoing drilling expected bythe Company to add significantly to this resource. A feasibility study toupgrade the project to a 4-5 million tonne per year operation was completed inFebruary 2007. Centamin is listed on AIM, the Australian Stock Exchange and the Toronto StockExchange and has a market capitalisation of GBP 474m. Richard Chase, Head of Mining at Ambrian Partners commented "We are delighted tobe appointed NOMAD and joint broker to Centamin Egypt Limited. This appointmentis representative of the strong and growing capabilities of Ambrian Partnersthat include not only NOMAD and equity sales and research, but also marketmaking and wider corporate finance services. The success and growth achieved byAmbrian to date and our quality of service to natural resources companies placesus in a prime position to advise broadly clients of all sizes, including largermarket capitalization stocks such as Centamin." For further information contact: Richard Chase Tel: +44 (0) 20 7776 6400Head of Mining, Ambrian Partners Limited This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
AMBR.L