17th Jan 2008 07:00
Falkland Gold and Minerals Ltd17 January 2008 Falkland Gold and Minerals Limited (the "Company") Shareholder Update and Notice of AGM 17 January 2008 The Company announced on 16 November 2007 that if, by the year end, noeconomically significant mineralisation had been identified in the FalklandIslands then it intended to deploy its remaining cash balances, and a fullyequipped and experienced exploration team with two drill rigs and ancillaryequipment to prospective areas elsewhere in the world. The Board of FGML can now confirm that the Company has not been able to identifyany mineral deposits of economic interest and that the Company's explorationprogramme in the Falklands has been completed. The Company's 2008 AGM will be held on the 4th of March and a resolutionaddressing the Company's strategy will be put to shareholders at that time. Enquiries: Falkland Gold and Minerals LimitedRichard Linnell (Chairman) +27 82 440 6710 W.H. Ireland LimitedJames Joyce/ Sarang Shah +44 (0)20 7220 1666 In accordance with AIM rules - guidance for mining, oil and gas companies, theinformation contained in this announcement has been reviewed and signed off bythe Board of Directors and by the Operations Manager, Mr. Derek Reeves, who hasover 23 years of experience as a geologist. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BPC.L