Ferrum Option Extension and Directorate Change (0117T)
30 November 2011 - 6:01PM
UK Regulatory
TIDMEML
RNS Number : 0117T
Emerging Metals Limited
30 November 2011
For Immediate Release: 0700hrs 30 November 2011
Emerging Metals Limited
("EML" or the "Company")
Extension of Ferrum Option Period
Change to Board of Directors
Extension of Ferrum Option Period
Further to its announcement on 3 June 2011, the Company confirms
that the deadline for exercise of its option to acquire all the
issued and to be issued ordinary shares of Ferrum Resources Limited
("Ferrum") not already owned by it has been extended from 30
November 2011 to 31 January 2012, with completion of the
acquisition not later than 31 March 2012.
The Company is currently interested in 37.23 per cent. of the
issued share capital of Ferrum.
Change to Board of Directors
The Company also announces that Mitchell Alland, who has been a
member of the board of EML ("Board") since his appointment in
January 2008, has stood down from the Board with immediate effect.
The Company will seek to appoint a replacement non-executive
director in due course.
Jim Mellon, Executive Co-Chairman of EML, said: "The Board would
like to thank Mitch for his valued contribution during his time
with the Company and wish him well for the future."
For further information:
Emerging Metals Religare Capital Evolution Securities GTH Communications
Limited Markets Limited Limited
Denham Eke Peter Trevelyan-Clark Jeremy Ellis Toby Hall
Emily Staples Matt Tyler Suzanne Johnson
Walsh
+44 (0) 20 7444 +44 (0)20 7071 +44 (0) 20 3103
+44 (0) 1624 639396 0800 4300 3902
This information is provided by RNS
The company news service from the London Stock Exchange
END
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