Change of Adviser

RNS Number : 0668A

Oracle Coalfields PLC

15 March 2013

 



15 March 2013

Oracle Coalfields PLC

("Oracle" or "the Company")

Change of Advisor

Oracle Coalfields PLC appoints Grant Thornton as Nominated Adviser

Oracle Coalfields PLC (AIM:ORCP), the UK coal developer of a 1.4 billion tonne lignite resource located in the south-eastern desert of the Sindh Province, Pakistan, today announces that it has appointed Grant Thornton UK LLP as Nominated Adviser with immediate effect.

Shahrukh Khan, CEO of Oracle, said "Grant Thornton has a well established reputation in the mining sector and its appointment marks a further step in the development of our exciting coal project in the Sindh Province, Pakistan.

"We would like to thank Seymour Pierce for their assistance in providing Nominated Adviser and Joint Broker Services."

Ends

For further information:

Oracle Coalfields PLC   

Shahrukh Khan, CEO                                                                                       [phone]  

Blythe Weigh Communications

Tim Blythe, Paul Weigh, Robert Kellner                                                [phone]

Grant Thornton (Nominated Adviser)

Gerry Beaney/David Hignell                                                                       [phone]

Novus Capital Markets 

Charles Goodfellow                                                                                       [phone]

 

END

 

 

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