TIDMCAF

RNS Number : 3327P

China Africa Resources PLC

16 November 2016

China Africa Resources plc

("China Africa" or the "Company")

Share Price Movements

The Board of China Africa Resources (LON:CAF) note the recent movement in the share price of the Company. The Board can confirm that the Company is currently in the final stages of negotiating a corporate transaction which, if implemented, will lead to a restructuring of the Company. In parallel the Company intends making a share placement at a price materially lower than the current market price.

All proposals will be subject to shareholder approval at a General Meeting.

The Company will provide further updates as and a when possible.

 
 Enquiries: 
  China Africa Resources 
  Plc                                 +44 (0) 1707 800774 
 Rod Webster, Chief Executive 
  Officer 
  Kevin Ellis, Company Secretary 
 
 RFC Ambrian Limited 
  (Nominated Adviser & Broker) 
  Stephen Allen / Kim Eckhof        +44 (0) 20 3440 6800

Further information is available on the Company's website: www.chinaafricares.com

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

November 16, 2016 05:18 ET (10:18 GMT)

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