Possible Transaction

RNS Number : 4712I

Aminex PLC

21 March 2018

 

21 March 2018

Aminex plc

 ("Aminex" or "the Company")

Possible Transaction

Following recent inquiries Aminex advises that it is in discussions with Eclipse Investments LLC ('Eclipse'), which is a related party, regarding a possible farm out of part of its interest in the Ntorya Appraisal Area.  Eclipse is a wholly-owned subsidiary of the Zubair Corporation and is the Company's largest shareholder. The Zubair Corporation is one of Oman's leading business groups.

Any farm-out would be subject to Tanzanian Government, shareholder and certain other approvals. There is no guarantee that a transaction will be completed. Shareholders will be updated when appropriate.

Ends

Aminex PLC  

Jay Bhattacherjee, Chief Executive Officer                                          [phone]

Max Williams, Chief Financial Officer

Investec Bank plc                                                                            

Chris Sim                                                                                                             [phone]

Shore Capital 

Jerry Keen                                                                                                           [phone]

Davy 

Brian Garrahy                                                                                                      [phone]

Camarco 

Billy Clegg / Gordon Poole / James Crothers                                       [phone]

 

END

 

 

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