Regulatory Story
Xtract Resources plc- XTR
Kalengwa update
Released 15:21 21-Oct-2019
RNS Number : 6029Q Xtract Resources plc 21 October 2019
For immediate release 21 October 2019
Xtract Resources Plc
("Xtract" or the "Company")
Kalengwa Processing Copper Project Zambia ("Kalengwa") Update
The Board of Xtract Resources Plc ("Xtract" or the "Company") announces that further to the announcement of 15 July 2019, the Company has today informed KPZ International Ltd ("KPZ") that it intends to exercise its option to act as contractor for the Kalengwa Processing project on the copper large scale mining license number 24401-HQ-LEL located in the central part of the Republic of Zambia and the Company will pay KPZ UDS200,000 to be settled through the issuance of new Xtract ordinary shares ("New Shares"). A further announcement will be made as and when the New Shares are conditionally issued.
Enquiries: | |||
Xtract Resources Plc | Colin Bird, | +44 | (0)20 3416 6471 |
Executive Chairman | www.xtractresources.com | ||
Beaumont Cornish Limited | Roland Cornish | +44 | (0)207628 3396 |
Nominated Adviser and Joint | Michael Cornish | www.beaumontcornish.co.uk | |
Broker | Felicity Geidt | ||
Novum Securities Limited | Colin Rowbury | +44 | (0)207 399 9427 |
Joint Broker | www.novumsecurities.com |
ENDS
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Xtract Resources plc published this content on 21 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2019 14:35:13 UTC