Extension of option

 

TIDMCLN 
 
RNS Number : 6424F 
Carlton Resources PLC 
15 January 2010 
 

Carlton Resources plc 
("Carlton" or the "Company") 
 
 
Extension of option 
 
 
Carlton announced on 14 December 2009 that it had entered into an option 
agreement to acquire all of the shares in Tobon Tondo suarl ("Tobon"), a Malian 
incorporated company holding highly prospective gold exploration interests in 
Mali. 
 
 
The option granted pursuant to the option agreement was due to expire on 31 
January 2010, but Carlton is pleased to announce that it has agreed to extend 
the exercise of the option agreement to 28 February 2010 to allow the Company to 
finalise its due diligence process. 
 
 
The Company also notes that its trading facility on AIM would ordinarily have 
been suspended on 11 January 2010 pursuant to Rule 15 of the AIM Rules for 
Companies. The Company has been advised that its trading facility will be 
restored on the day following a general meeting at which a reverse acquisition 
is approved by the Company's shareholders, and not on the posting of an 
admission document regarding a reverse acquisition. 
 
 
If the Company does not complete a reverse acquisition by 11 July 2010 its 
listing on AIM will be cancelled in accordance with Rule 41 of the AIM Rules for 
Companies.The work required to produce an admission document to achieve a 
relisting of the Company would essentially mirror that required for a 
readmission in the current circumstances, and in any event the Board is 
confident of completing an acquisition well within the above timeframe. The 
Board expects to provide shareholders with a further update in due course. 
 
 
For further information, please contact: 
 
 
+--------------------------------------------------+---------------------+ 
| Carlton Resources Plc                            | Tel: [phone]    | 
| Mark Burchnall (Chief Executive)                 | 2425                | 
|                                                  |                     | 
+--------------------------------------------------+---------------------+ 
| Strand Hanson Limited (Nomad)                    | Tel: [phone]    | 
| Warren Pearce/Paul Cocker                        | 3494                | 
+--------------------------------------------------+---------------------+ 
| Ambrian Partners Limited (Broker)                | Tel: [phone]    | 
| Shaun Whyte                                      | 4722                | 
+--------------------------------------------------+---------------------+ 
| Conduit PR (Press enquiries)                     | Tel: [phone]    | 
| Charlie Geller / Leesa Peters                    | 6604                | 
+--------------------------------------------------+---------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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