6th Apr 2006 15:31
Cordillera Resources PLC06 April 2006 6 April, 2006 CORDILLERA RESOURCES PLC ("Cordillera" or the "Company") UPDATE ON ACQUISITION Cordillera Resources Plc (the AIM listed company (Ticker: CLA)) advises todaythat procedural delays in Russia have thus far precluded the Company'sindependent advisers from completing their due diligence reports in relation tothe proposed acquisition of Continental Petroleum Limited. The Directors have been advised that the procedural matters giving rise to thedelays have now been resolved and it is expected that the due diligence processwill be completed over the course of the next few weeks. In consideration for these delays, the Company advises a Deed of Variation hasbeen entered into, extending the long stop date under the Acquisition Agreementto the 31 July 2006. Further information will be announced in due course. Contact Details Mr Colin Orr Ewing Mr Hugh OramCordillera Resources Plc Nabarro Wells & CoChairman Nominated Advisor +44 (0) 207 352 4117 +44 (0) 207 710 7400 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Celsius Res