4th May 2007 07:01
Cambrian Mining PLC04 May 2007 4 May 2007 AIM / ASX: CBM CAMBRIAN MINING PLC ("Cambrian" or the "Company") Re: Xtract Energy Plc Further to the announcement on 30 April 2007, the Board of Cambrian is pleasedto announce the completion of the purchase of 36,813,548 ordinary shares inXtract Energy Plc ("Xtract") and the issue and allotment of 1,753,024 newCambrian ordinary shares. Following this transaction Cambrian together with itswholly owned subsidiary Cambrian Investments Holdings Ltd shall controlapproximately 50% of the current issued capital of Xtract. Completion of thepurchase of the further 15,000,000 ordinary shares in Xtract will be completednext week. 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 10 May 2007. The total number of ordinary shares in issue following this issue is 92,427,132. - 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