29th Apr 2010 09:14
29 April 2010
Urals Energy Public Company Limited
('Urals Energy' or the 'Company')
Petraco debt restructuring - results of EGM
Urals Energy, the AIM listed independent exploration and production company with operations in Russia, is pleased to announce that all of the resolutions put to shareholders at the Extraordinary General Meeting held earlier today have been passed.
As a result the restructuring agreement between Urals Energy with Petraco Oil Company Limited (the "Restructuring Agreement") has become unconditional.
Further details of the Restructuring Agreement are contained in the letter to shareholders dated 12 April 2010.
Enquiries:
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Allenby Capital Limited |
+44 (0)20 3328 5656 |
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Nick Naylor Alex Price |
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Pelham Bell Pottinger |
+44 (0)20 7337 1500 |
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Mark Antelme |
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Evgeniy Chuikov |
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Urals Energy Plc