14th May 2007 17:52
Cambrian Mining PLC14 May 2007 CAMBRIAN MINING PLC ("Cambrian" or the "Company") Xtract Energy Plc 14 May 2007 Further to the announcements on 30 April 2007 and 4 May 2007, the Board ofCambrian is pleased to announce the completion of the purchase of the 15,000,000ordinary shares in Xtract Energy Plc ("Xtract") and the issue and allotment of714,285 new Cambrian ordinary shares. Following this transaction Cambriantogether with its wholly owned subsidiary Cambrian Investments Holdings Ltdshall control approximately 53% of the current issued share capital of Xtract. Application will be made for the new Cambrian ordinary shares to be admitted totrading on AIM. The new ordinary shares will rank pari passu with the existingordinary shares in the Company and trading of these shares on AIM is expected tocommence on 18 May 2007. The total number of ordinary shares with voting rights in issue following thisissue is 93,141,417. Ends For further information contact: Cambrian Mining Plc Parkgreen CommunicationsRichard Round / Mark Burridge Cathy Malins / Annabel Leather+44 20 7409 0890 +44 20 7851 7480http://www.cambrianmining.com About Cambrian Mining Plc: Cambrian is a diversified mining house that manages and supports operations incoal mining and gold/antimony. It also has extensive exposure to energy projectsand related technologies, from oil shale assets through to alternative energyprojects, as well as exposure to traditional oil and gas exploration anddevelopment. Cambrian has been instrumental in the past three years in developing a number ofmines and moving them into production. These include: the Augusta gold andantimony mine in Victoria, Australia; the 2.4 million tonnes per annum ("mtpa")Wolverine hard coking coal mine in Western Canada; the Dillon and Brule PCImines in Western Canada as well as the underground and surface thermal coalmines in West Virginia, USA. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Xtract