Completion of Acquisition and Director Appointment

 

TIDMLMY 
 
RNS Number : 6676E 
Lithic Metals and Energy Limited 
23 December 2009 
 

AfNat Resources Limited (formerly Lithic Metals and Energy Limited) (the 
"Company") 
Completion of Acquisition and Director Appointment 
Completion of Acquisition 
Further to recent announcements, the board of the Company is pleased to announce 
that the acquisition by the Company of Amber Petroleum Ltd by way of a reverse 
takeover has now completed. 
Application has been made for the Enlarged Share Capital to be admitted to 
trading on AIM on 24 December 2009. Also as previously announced, 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 BMG186501042; and the Company's 
website will be changed to www.afnatresources.com. 
A copy of the admission document published pursuant to AIM Rule 14 is available 
on the Company's website. 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 for a 
period of at least one month from Admission. 
Director Appointment 
As explained in the admission document, with effect from Admission, Michael 
Humphries has been appointed a director of the Company. 
Mr Humphries is the Chief Financial Officer of Amber. He has approximately 25 
years of experience in the international natural resources industry and 
investment banking. He began his career in London working in the international 
department at Britoil PLC and worked on the establishment of Britoil Inc. and 
the company's acquisitions in the United States. Subsequently, he held senior 
positions at Samuel Montagu & Co. in the London and New York Energy Group; as 
corporate development director at Great Western Resources Inc., a Houston based 
oil and gas company; and as director at PFC Energy Inc., a Washington DC based 
energy consultancy firm. 
In 1996 Mr. Humphries joined the Washington DC office of N M Rothschild & Sons 
as a director in the Natural Resources Group focused on cross-border M&A and 
advisory mandates. In 2005, he joined Ferris, Baker Watts, Inc. where he started 
an Energy Investment Banking Group. At Ferris, Baker Watts Mr. Humphries focused 
on raising capital from U.S. based institutions in private placements, secondary 
issues and initial private offerings for AIM and TSX listed natural resource 
companies and in originating and structuring cross-border oil and gas 
transactions. 
Mr. Humphries has a B.A. (Hons) in Politics and Modern History at 
Sheffield University and a M.Sc. (Econ) in International Relations from the 
London School of Economics. 
Disclosures under Schedule 2 of the AIM Rules 
Michael Edward Humphries, aged 52, is or has been a director of the following 
companies during the previous five years: 
Current directorships: 
Amber Petroleum Ltd. 
Amber Petroleum (UK) Limited 
Redcliff Energy Advisors LLC 
Directorships held within the previous five years: 
None 
There are no other matters which are required to be announced with regard to 
this appointment under paragraph (g) of Schedule 2 of the AIM Rules. 
Enquiries: 
+---------------------------+--------------------------+--------------------+ 
| AfNat Resources Limited   | David de Jongh Weill,    | T: [phone]     | 
|                           | Chairman                 | 0180               | 
+---------------------------+--------------------------+--------------------+ 
|                           |                          |                    | 
+---------------------------+--------------------------+--------------------+ 
| Seymour Pierce Limited    | Nicola Marrin/Catherine  | T: [phone]     | 
|                           | 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                      | 
+--------------------------------+---------------------------------------------------------------------------+ 
| "Amber"                        | Amber Petroleum Ltd., a company registered and incorporated in the BVI    | 
|                                | with company number 1017685                                               | 
+--------------------------------+---------------------------------------------------------------------------+ 
| "Amber Shareholders"           | holders of the issued shares of no par value of Amber                     | 
+--------------------------------+---------------------------------------------------------------------------+ 
| "Enlarged Share Capital"       | the Ordinary Shares in issue immediately following Admission              | 
+--------------------------------+---------------------------------------------------------------------------+ 
| "Ordinary Shares"              | ordinary shares of GBP0.01 (one pence) each in the capital 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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