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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Lithic Metals (SEE LSE:AFNR) | LSE:LMY | London | Ordinary Share | BMG5504H1051 | 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% | 2.375 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMLMY
RNS Number : 5078E
Lithic Metals and Energy Limited
21 December 2009
AfNat Resources Limited (formerly Lithic Metals and Energy Limited) (the
"Company")
Change of Name and Acquisition Update
Change of Name
Following the passing of the resolution to change the name of the Company to
AfNat Resources Limited at the Special General Meeting held on 14 December 2009,
the change of name certificate has now been issued by the Registrar of Companies
in Bermuda. With effect from 24 December 2009, the new EPIC/TIDM of the Company
on the London Stock Exchange will be AFNR. The new ISIN will be confirmed as
soon as possible.
The Company's website will be changed to www.afnatresources.com with effect from
24 December 2009.
Acquisition Update
Further to recent announcements, it is expected that the proposed acquisition by
the Company of all of the issued shares of Amber Petroleum Ltd pursuant to the
Scheme should now be completed, and the Enlarged Share Capital admitted to
trading on AIM, on 24 December 2009. This is a day later than previously
announced due to the satisfaction of the final condition of the Acquisition
(that is, the Court Order being filed with the BVI Registrar) not being possible
until after close of business UK time on [22] December.
A copy of the admission document published pursuant to AIM Rule 14 is available
on the Company's website at www.lithicme.com. Copies are also available free of
charge during normal business hours on any weekday (except Saturdays, Sundays
and public holidays) at the offices of Seymour Pierce Limited, 20 Old Bailey,
London EC4M 7EN from the date of this announcement and for a period of at least
one month from Admission.
Key Statistics
Key statistics on Admission are expected to be as follows:
+-------------------------------------------------+---------------------+
| Number of Ordinary Shares in issue prior to the | 126,297,197 |
| Acquisition | |
| | |
+-------------------------------------------------+---------------------+
| Number of Consideration Shares to be issued and | 285,426,846 |
| allotted pursuant to the Acquisition | |
| | |
+-------------------------------------------------+---------------------+
| Number of Ordinary Shares in issue immediately | 411,724,043 |
| following completion of the Acquisition and | |
| Admission | |
| | |
+-------------------------------------------------+---------------------+
| Consideration Shares as a percentage of the | 69.3 per cent. |
| Enlarged Share Capital | |
| | |
+-------------------------------------------------+---------------------+
Key Dates
+-------------------------------------+-------------------------------------+
| Admission of the Enlarged Share | 24 December 2009 |
| Capital and dealings expected to | |
| commence on AIM | |
+-------------------------------------+-------------------------------------+
| CREST accounts expected to be | 24 December 2009 |
| credited by | |
+-------------------------------------+-------------------------------------+
| Dispatch of definitive certificates | 11 January 2010 |
| expected by | |
+-------------------------------------+-------------------------------------+
Enquiries:
+---------------------------+--------------------------+--------------------+
| AfNat Resources Limited | David de Jongh Weill, | T: +44 20 7881 |
| | Chairman | 0180 |
+---------------------------+--------------------------+--------------------+
| | | |
+---------------------------+--------------------------+--------------------+
| Seymour Pierce Limited | Nicola Marrin/Catherine | T: +44 20 7107 |
| | Leftley | 8000 |
+---------------------------+--------------------------+--------------------+
Definitions used in this announcement
+---------------+------------------------------------------------------------+
| "Acquisition" | the proposed acquisition by the Company of all of the |
| | issued shares of Amber pursuant to the Scheme |
+---------------+------------------------------------------------------------+
| "Admission" | the admission of the Enlarged Share Capital to trading on |
| | AIM becoming effective in accordance with the AIM Rules on |
| | implementation of the Scheme in accordance with its terms |
+---------------+------------------------------------------------------------+
| "AIM" | the AIM market operated by London Stock Exchange plc |
+---------------+------------------------------------------------------------+
| "AIM Rules" | the rules and guidance notes for companies with a class of |
| | securities admitted to AIM issued by the London Stock |
| | Exchange plc as in force at the date of this announcement |
+---------------+------------------------------------------------------------+
| "Amber" | Amber Petroleum Ltd., a company registered and |
| | incorporated in the BVI with company number 1017685 |
+---------------+------------------------------------------------------------+
| "Amber | holders of the issued shares of no par value of Amber |
| Shareholders" | |
+---------------+------------------------------------------------------------+
| "BVI" | the British Virgin Islands |
+---------------+------------------------------------------------------------+
| "BVI | the BVI Business Companies Act 2004, as amended from time |
| Business | to time |
| Companies | |
| Act" | |
+---------------+------------------------------------------------------------+
| "Court" | High Court of Justice of the Eastern Caribbean Supreme |
| | Court of the Virgin Islands |
| | |
+---------------+------------------------------------------------------------+
| "Enlarged | the Ordinary Shares in issue immediately following |
| Share | Admission |
| Capital" | |
+---------------+------------------------------------------------------------+
| "Ordinary | ordinary shares of GBP0.01 (one pence) each in the capital |
| Shares" | of the Company |
+---------------+------------------------------------------------------------+
| "Scheme" | the scheme of arrangement for the implementation of the |
| | Acquisition under section 179A of the BVI Business |
| | Companies Act between Amber and the Amber Shareholders, |
| | with or subject to any modification or addition thereto or |
| | condition approved or imposed by the Court and agreed by |
| | the Company and Amber |
+---------------+------------------------------------------------------------+
| "Shareholder" | a holder of Ordinary Shares |
+---------------+------------------------------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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