ORI Oriel Res.

RNS Number:9560R
Canaccord Adams Limited
09 April 2008



                 DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS

           WITHOUT RECOGNISED INTERMEDIARY STATUS, OR WITH RI STATUS

                  BUT NOT DEALING IN A CLIENT-SERVING CAPACITY

                      (Rule 38.5(b) of the Takeover Code)



1. KEY INFORMATION

Name of exempt principal trader                             CANACCORD ADAMS
                                                            LIMITED
Company dealt in                                            Oriel Resources Plc
Class of relevant security to which the dealings being      ORD 1p - ISIN:
disclosed relate (Note 1)                                   GB0034246743

Date of dealing                                             8 April 2008




2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE


(a) Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 2)

                                                       Long           Short
                                                  Number (%)      Number (%)
(1) Relevant securities                           51,277 0.01     0 0
(2) Derivatives (other than options)              0 0             0 0
(3) Options and agreements to purchase/sell       0 0             0 0
                                          Total   51,277 0.01     0 0


(b) Interests and short positions in relevant securities of the company, other
than the class dealt in (Note 2)

Class of relevant security: Warrants - ISIN GB00B07Q1965    Long        Short
                                                         Number (%)  Number (%)
1) Relevant securities                                   6,090 0.05  0 0
(2) Derivatives (other than options)                     0 0         0 0
(3) Options and agreements to purchase/sell              0 0         0 0
                                                 Total   6,090 0.05  0 0


(c)                Rights to subscribe (Note 2)

Class of relevant security:                                   Details
n/a                                                           n/a



3. DEALINGS (Note 3)


(a) Purchases and sales

Purchase/sale          Number of securities       Price per unit (Note 4)
P                                           656                         107.78p
P                                       100,000                         108.00p
P                                           960                         108.03p
P                                         4,761                         108.28p
P                                         4,000                         108.55p
P                                        65,900                         108.69p
S                                       100,000                         108.00p
S                                        25,000                         108.25p
Total buys 176,277
Total sells 125,000


(b) Derivatives transactions (other than options)

Product      Long/short (Note   Number of securities (Note Price per unit (Note
name,        5)                 6)                         4)
e.g. CFD
n/a          n/a                n/a                        n/a





(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Product Writing,       Number of          Exercise Type, e.g.  Expiry Option
name,   selling,       securities to               American,          money
        purchasing,    which the option            European
        varying etc.   relates (Note 6)            etc.
e.g.                                      price                date   paid/
call                                                                  received
option                                                                per unit
                                                                      (Note 4)
n/a     n/a            n/a                n/a      n/a         n/a    n/a




(ii) Exercising

Product name, e.g. call       Number of           Exercise price per unit (Note
option                        securities          4)
n/a                           n/a                 n/a


(d) Other dealings (including new securities) (Note 3)

Nature of transaction (Note 7)  Details  Price per unit (if applicable) (Note 4)
n/a                             n/a      n/a





4. OTHER INFORMATION


Agreements, arrangements or understandings relating to options or derivatives



Full details of any agreement, arrangement or understanding between the person
disclosing and any other person relating to the voting rights of any relevant
securities under any option referred to on this form or relating to the voting
rights or future acquisition or disposal of any relevant securities to which any
derivative referred to on this form is referenced. If none, this should be
stated.
NONE



Is a Supplemental Form 38.5(b) attached? (Note 8) NO



Date of disclosure                                  9 April 2008

Contact name                                        Patricia SANJURJO

Telephone number                                    020 7050 6500

Name of offeree with which connected                Oriel Resources Plc
Nature of connection (Note 9)                       Advisor




Notes


The Notes on Form 38.5(b) can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk






                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
EMMSSSFSUSASESL

Oriel Resources (LSE:ORI)
Historical Stock Chart
From Jun 2024 to Jul 2024

Oriel Resources (LSE:ORI)
Historical Stock Chart
From Jul 2023 to Jul 2024