Sunkar Resources PLC Notice of Cancellation (8754L)

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RNS Number : 8754L

Sunkar Resources PLC

09 July 2014

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

9 July 2014

Sunkar Resources plc

(the "Company" or "Sunkar")

Notice of Cancellation

Further to the announcement today by Sun Avenue Partners Corp. ("SAPC") that it now holds or has received valid acceptances of their offer ("Offer") in respect of a total of 101,681,152 Sunkar Shares, representing an aggregate of 29.81 per cent. of the issued ordinary share capital of Sunkar and 61.02 per cent. of the Sunkar Shares to which the Offer relates, the Company has, at the request of SAPC, applied to the London Stock Exchange for the cancellation of trading in the Sunkar Shares on AIM ("Cancellation").

It is expected that Cancellation will occur at 7.00 a.m. on 7 August 2014 after which time Sunkar Shares will no longer be admitted to trading on AIM.

Cancellation will significantly reduce the liquidity and marketability of any Sunkar Shares not acquired by SAPC and the Sunkar Board therefore recommends to Sunkar Shareholders that they accept the offer by SAPC.

Capitalised terms used but not defined in this announcement have the same meanings as given to them in the Offer Document dated 17 June 2014.

Enquiries:

Sunkar Resources plc [phone]

Teck Soon Kong, Chairman

   Strand Hanson Limited - Financial Adviser, Nomad                  [phone] 

and Broker

Stuart Faulkner

Andrew Emmott

James Dance

   Bankside Consultants - Financial PR                                         [phone] 

Simon Rothschild

This information is provided by RNS

The company news service from the London Stock Exchange

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