18th Apr 2006 11:10
Aricom PLC18 April 2006 Results of Extraordinary General Meeting 18 April 2006 Aricom plc ("Aricom" or the "Company"), the AIM traded company developing ironore and ilmenite interests in Russia's Far East, is pleased to announce that atthe Extraordinary General Meeting of the Company held this morning, both theresolutions proposed as set out in the notice of the meeting to shareholdersdated 22 March 2006 were duly passed. Accordingly it is expected that the 200,000,000 Placing Shares will be admittedto trading on AIM on 19 April 2006. Option Agreement Following shareholder approval, and as contemplated in the circular toshareholders dated 22 March 2006, Aricom has today entered into the optionagreement with Philotus Holdings Limited (the "Vendor") giving it an option topurchase, through the acquisition of the entire issued share capital of Expokom(Cyprus) Limited, a 50 per cent. interest in LLC Rubicon, the Russian companywhich holds the licences to exploit the Kimkanskoye and Sutarskoye iron ore (the"Option"). Following admission of the placing shares to trading on AIM, the Company willmake the cash payment of US$9,000,000 payable in respect of the grant of theoption. Enquiries: Tom Swithenbank Aricom plc 020 7201 8939Tim Grey Millbrook Partnership 020 7520 9455 Definitions used in the circular to shareholders dated 22 March 2006 shall have the same meanings when used in this announcement, unless the context requires otherwise. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Orogen Gold