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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Oriel Res. | LSE:ORI | London | Ordinary Share | GB0034246743 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 121.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number : 3010W
Oriel Resources PLC
09 June 2008
AIM: ORI
TSX: ORL
PRESS RELEASE
9 June, 2008
Oriel Resources Plc ("Oriel" or the "Company")
Director Resignations
_________________________________________________________________________ _____________
Oriel Resources plc (AIM:ORI, TSX:ORL) announces that further to the announcement on 17 April 2008 by Mechel OAO, Russia ("Mechel") that
the recommended cash offer made by Mechel for the entire issued and to be issued ordinary share capital of Oriel had been declared
unconditional in all respects, the following members of the Oriel Board of Directors have resigned: Messrs Geoffrey Bush, John Reynolds,
Alexander Nesis, Roger Richer, Neil Woodyer and Ehud Rieger. All resignations are of immediate effect.
Mr Takhir Baratov remains Executive Director of Oriel whilst during the transition period, Dr Sergey V Kurzin and Mr Nick Clark will
remain as Non-Executive Directors.
ENDS
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Mechel is one of the leading Russian companies. Its business includes three segments: mining, steel, and power. Mechel unites producers
of coal, iron ore concentrate, nickel, steel, rolled products, hardware, heat and electric power. Mechel products are marketed domestically
and internationally.
For further information please contact:
Alexander Tolkach
Head of International Relations & Affairs Relations, Mechel OAO
Tel: +7 495 221 8888
Gavin Dallas, Investor Relations, Oriel Resources Plc
Tel: +44 (0) 20 7514 0590
Ryan Gaffney, Canaccord Adams Limited
Tel: +44 (0) 20 7050 6500
www.orielresources.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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