Weatherly International PLC Change of Adviser (8960G)

TIDMWTI

RNS Number : 8960G

Weatherly International PLC

07 March 2018

7 March 2018

Weatherly International Plc

("Weatherly" or "the Company")

Change of Adviser

Weatherly International Plc ("Weatherly" or the "Company") announces the appointment of Strand Hanson Limited as Nominated Advisor and Broker to the Company with immediate effect.

For further information please contact:

 
 Craig Thomas,      Weatherly        Tel: +44 
  Chief Executive    International    (0) 1707 
  Officer            plc              800 774 
  Kevin Ellis, 
  CFO and Company 
  Secretary 
 Rory Murphy        Strand Hanson    Tel: +44 
  James Dance        Limited          (0) 20 7409 
  Jack Botros                         3494 
 

About Weatherly

Weatherly is an AIM listed copper mining company operating in Namibia in southern Africa. Its principal assets are the Tschudi Mine and the Otjihase Project. The Tschudi Mine is an operating open pit mine producing refined copper cathode on site. The key assets of the Otjihase Project are the Otjihase underground copper mine and concentrator and the Matchless West underground copper mine. The Otjihase Project assets are currently under care & maintenance while in the Project Development stage. Weatherly also owns 25% of China Africa Resources Namibia (CARN), a private Namibian company which owns the high-grade Berg Aukas underground zinc-lead-vanadium project. On 5 February 2018 it announced that it had signed an agreement to purchase a further 65% of CARN subject to regulatory approval. On 12 December 2017, Weatherly announced that it had entered into an agreement to purchase the Kitumba copper development project in Zambia. The transaction has subsequently been approved by the vendors shareholders and is only subject to regulatory approval.

This information is provided by RNS

The company news service from the London Stock Exchange

END

APPUNUBRWOAORAR

(END) Dow Jones Newswires

March 07, 2018 02:02 ET (07:02 GMT)