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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Cambridge Mins. | LSE:CMR | London | Ordinary Share | GB0001826303 | 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% | 0.34 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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Letter of Intent regarding sale of Spanish Subsidiary
9 April 2009
Cambridge Mineral Resources plc ('CMR' or 'the Company')
Letter of Intent regarding sale of Spanish Subsidiary
Cambridge Mineral Resources plc, the mining exploration and production company, announces that it has entered a
formal letter of intent in relation to the sale of its wholly-owned Spanish subsidiary, Recursos Metalicos SL
('Recursos'). The buyer will be Direct Response Media Inc. of Nevada, USA. The consideration for the transaction
will be US$19,000,000 in a combination of shares and cash. By way of illustration, this equates to in excess of
GBP0.035p per share for CMR.
Recursos holds the Lomero-Poyatos mine and the Masa Valverde exploration permits.
The sale is subject to all normal reservations and preconditions including due diligence on the part of Direct
Response Media.
The Company will announce further details in due course.
**ENDS**
For further information, visit www.cambmin.co.uk or contact:
Michael Burton Cambridge Mineral Resources plc Tel: +44 (0) 20 7663 5618
Director mburton@cambmin.co.uk
Colin Rowbury Religare Hichens Harrison plc Tel: +44 (0) 20 7382 7771
Susie Callear St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177
Cambridge Mineral Resources Plc
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