Cancellation of admission of trading on AIM

 

TIDMCFM 
 
RNS Number : 2958C 
Central African Mining&Exploration 
10 November 2009 
 

 
 
10 November 2009 
 
 
Central African Mining & Exploration Company plc 
("CAMEC" or the "Company") 
 
Cancellation of admission of trading on AIM 
Further to today's announcement by Eurasian Natural Resources Corporation PLC 
that its recommended offer ("Offer") for the entire issued share capital of 
CAMEC has been declared unconditional in all respects, CAMEC confirms that 
application has been made to the London Stock Exchange to cancel the admission 
to trading on AIM of the ordinary shares of 0.1p each in the capital of the 
Company ("CAMEC Shares"). 
The notice period of 20 business days referred to in the Offer document will 
therefore commence as of today's date and it is anticipated that trading of 
CAMEC Shares on AIM will be cancelled with effect from 7:00 am on 8 December 
2009.  Accordingly the last day of dealings in CAMEC Shares will be 7 December 
2009. 
Cancellation of admission to trading of CAMEC Shares on AIM will significantly 
reduce the liquidity and marketability of all CAMEC Shares not assented to the 
Offer at that time and CAMEC shareholders should be aware that, because the AIM 
Rules will cease to apply to CAMEC following the cancellation of admission to 
trading of CAMEC Shares on AIM, they will as a result, have more limited 
shareholder protections if they remain shareholders in CAMEC. 
Enquiries 
For further information, please contact: 
 
 
+---------------------------------+-------------------------------------+ 
| Jonathan Wright                 | 020 7107 8000                       | 
+---------------------------------+-------------------------------------+ 
|                                 |                                     | 
+---------------------------------+-------------------------------------+ 
 
 
 
- ENDS - 
About CAMEC 
CAMEC is an Africa focused emerging mining company. It operations are centred 
around copper and cobalt, coal, bauxite, platinum, trucking and logistics and 
fluorspar. CAMEC's copper and cobalt operations are located in the Democratic 
Republic of Congo. CAMEC is a holder of coal licences in Mozambique, including 
the 100 per cent. owned 871L coal project, in the prospective Zambezi coal 
province in Mozambique. In platinum, CAMEC has a controlling interest in a 
number of significant assets in Zimbabwe, including a 60 per cent. interest in 
the Bokai and Kironde claims held through Todal Mining (Pty) Limited. CAMEC's 
trucking and logistics subsidiary, Sabot, has a fleet of approximately 467 
trucks and a series of warehouses across the region. In Fluor spar, CAMEC holds 
a majority stake in the Doornhoek Fluorspar Project located adjacent to the 
Wiktop Fluorspar mine in South Africa. CAMEC is a UK company whose shares were 
admitted to trading on AIM on 9 October 2002. For the year ended 31 March 2009, 
CAMEC reported a loss before tax of US$41.5 million and had total assets as at 
31 March 2009 of US$1,627 million. 
 
 
Forward-looking Statements 
 
 
This announcement includes statements that are, or may be deemed to be, 
'forward-looking statements'. These forward-looking statements can be identified 
by the use of forward-looking terminology, including the terms 'believes', 
'estimates', 'plans', 'projects', 'anticipates', 'expects', 'intends', 'may', 
'will', or 'should' or, in each case, their negative or other variations or 
comparable terminology, or by discussions of strategy, plans, objectives, goals, 
future events or intentions. These forward-looking statements include matters 
that are not historical facts or are statements regarding the Group's 
intentions, beliefs or current expectations concerning, among other things, the 
Group's results of operations, financial condition, liquidity, prospects, 
growth, strategies, and the industries in which the Group operates. 
Forward-looking statements are based on current plans, estimates and 
projections, and therefore too much reliance should not be placed upon them. 
Such statements are subject to risks and uncertainties, most of which are 
difficult to predict and generally beyond the Group's control. By their nature, 
forward-looking statements involve risk and uncertainty because they relate to 
future events and circumstances. The Group cautions you that forward-looking 
statements are not guarantees of future performance and that if risks and 
uncertainties materialise, or if the assumptions underlying any of these 
statements prove incorrect, the Group's actual results of operations, financial 
condition and liquidity and the development of the industry in which the Group 
operates may materially differ from those made in, or suggested by, the 
forward-looking statements contained in this announcement. In addition, even if 
the Group's results of operations, financial condition and liquidity and the 
development of the industry in which the Group operates are consistent with the 
forward-looking statements contained in this announcement, those results or 
developments may not be indicative of results or developments in future periods. 
A number of factors could cause results and developments to differ materially 
from those expressed or implied by the forward-looking statements including, 
without limitation, general economic and business conditions, industry trends, 
competition, commodity prices, changes in regulation, currency fluctuations, 
changes in business strategy, political and economic uncertainty. Subject to the 
requirements of the Prospectus Rules, the Disclosure and Transparency Rules and 
the Listing Rules or any applicable law or regulation, the Group expressly 
disclaims any obligation or undertaking publicly to review or confirm analysts 
expectations or estimates or to release publicly any updates or revisions to any 
forward-looking statements contained herein to reflect any changes in the 
Group's expectations with regard thereto or any change in events, conditions or 
circumstances on which any such statement is based. 
 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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