Increase of significant interest in Kalahari Minerals
24 February 2009 - 6:18PM
UK Regulatory
TIDMEML
For immediate release: 24 February 2009
Emerging Metals Limited
("EML", "Emerging Metals" or "the Company")
Increase of significant interest in Kalahari Minerals Plc
The Directors of Emerging Metals Limited (AIM: EML), the mining company focused
on minor and emerging metals, are pleased to announce that they have increased
their interest in Kalahari Minerals Plc ("Kalahari Minerals") to 15,820,000
ordinary shares being 8.84% of the issued share capital of Kalahari Minerals by
way of the on-market purchases of 2,475,000 ordinary shares at an average price
of 78.17 pence per share.
The Directors of Emerging Metals continue to believe that the acquisition of a
significant stake in Kalahari Minerals provides the Company with exposure to a
world class uranium deposit in Namibia and a further diversification of its
exposure to the class of minor and emerging metals. Namibia is already a well
established uranium producer with a reputation for a positive approach to the
development of mining projects.
- Ends -
Contact details
Emerging Metals Blomfield Corporate Fox-Davies Capital GTH
Limited Finance Limited Limited
Communications
Mitch Alland Toby Howell Daniel Fox-Davies Toby Hall
Denham Eke Peter Christian Pickel
Trevelyan-Clark
+44 (0) 1624 639396 +44 (0) 20 7489 +44 (0) 20 7936 +44 (0) 20 7153
4500 5200 8035
END
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