Change of Adviser

RNS Number : 4386G

Oracle Coalfields PLC

29 June 2012

 



29 June 2012

Oracle Coalfields PLC

("Oracle" or "the Company")

Change of Adviser

Oracle Coalfields appoints Seymour Pierce as Nominated Adviser & Joint Broker

Oracle Coalfields PLC (AIM:ORCP), the UK coal developer of a lignite mineral property located in the south-eastern desert of the Sindh Province, Pakistan today announces that is has appointed Seymour Pierce as Nominated Adviser and Joint Broker with immediate effect.

Shahrukh Khan, CEO of Oracle, said "Seymour Pierce has an outstanding reputation in the mining sector and their appointment marks an important step as we look to develop our exciting coal project in the Sindh province, Pakistan. They offer a skill-set which will complement that of our current broker, Novus Capital.

"We would like to thank Libertas Capital for all they did for Oracle, particularly in helping us make the transition from PLUS to AIM. We wish them all the best in the future."

Ends

For further information:

Oracle Coalfields PLC   

Shahrukh Khan                                                                                                 [phone]

Blythe Weigh Communications

Tim Blythe, Robert Kellner, Samantha Ryan                                       [phone]

 Seymour Pierce  Nominated Adviser &Joint Broker

Stewart Dickson / Julian Erleigh (Corporate Finance)                     [phone]

Richard Redmayne / Jacqui Briscoe (Corporate Broking)

Novus Capital Markets (Joint Broker)

Denis Christie, Charles Goodfellow                                                        [phone]

 

END

 

 

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