27th Jan 2006 17:38
Cambrian Mining PLC27 January 2006 Cambrian Mining Plc 27th January 2006 Sale of shares in Asia Energy Plc Cambrian Mining Plc ("Cambrian") advises that it has today sold 4,015,000 sharesin Asia Energy Plc at 385 pence per share, realising gross proceeds ofapproximately £15.5 million. These shares had a book value of approximately£589,000. Following the sale of this stake in Asia Energy, Cambrian now holds cash and alisted portfolio with a market value, as at 27 January 2006, of approximately£150 million, in aggregate (the book value of Cambrian's remaining listedportfolio together with its cash balances is approximately £92 million, inaggregate). Cambrian retains a royalty of US$1 per tonne on future production from AsiaEnergy's Phulbari coal deposit in Bangladesh. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
GCM Resources