Statement regarding Share Price Movement

RNS Number : 2212A

Oracle Coalfields PLC

03 June 2016

 

3 June 2016

Oracle Coalfields PLC

("Oracle" or "the Company")

STATEMENT REGARDING SHARE PRICE MOVEMENT

Oracle Coalfields PLC (AIM:ORCP), the UK energy developer of a combined lignite mineral resource and mine mouth power plant located in the Thar desert, in the south-east of Sindh Province, Pakistan, notes higher than normal level of trading activity in its shares.  Oracle is pleased to announce that it has signed a Shareholder Framework Agreement subject to conditions precedent, whereby a consortium of new and existing Chinese partners will take 70% equity in its subsidiaries in Pakistan in order to advance the development of the project.  A further announcement will be made in due course.  

Ends

For further information:

Oracle Coalfields PLC Shahrukh Khan	[phone]
Brandon Hill Capital Limited Oliver Stansfield	[phone]
Peterhouse Corporate Finance Charles Goodfellow	[phone]
Grant Thornton UK LLP Salmaan Khawaja, Richard Tonthat, Daniel Bush	[phone]
Blythe Weigh Communications                                                    Tim Blythe, Camilla Horsfall, Megan Ray	[phone]
Fortbridge Consulting                                                   Matt Beale, Bill Kemmery	[phone]

 

END

 

 

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