Change of Name
For immediate release 11 March 2011
Niger Uranium Limited
("Niger Uranium" or the "Company")
Proposed Change of name to URU Metals Limited
The Company announces that the name of the Company has been changed from Niger Uranium Limited to URU Metals Limited and with effect from Monday 14 March 2011 the Company will commence trading on the AIM Market of London Stock Exchange Plc under this new name. From this date the new ISIN number of the Company will be VGG930041022.
The new name reflects the Company's broad business activities, both in geographic coverage and portfolio of the metals projects in which it is exploring.
In addition to its eight uranium exploration licenses in the Republic of Niger, where a further drilling programme is currently underway, the Company has a substantial interest in UrAmerica plc, a uranium exploration company active in South America, and a joint venture agreement with Southern African Nickel which is currently exploring a portfolio of potentially large-scale sulphide nickel projects across Southern Africa.
As an active investor and project developer, the Company will continue to evaluate investment opportunities, whether in minority positions or the outright purchase, of uranium, nickel and other metals projects worldwide. By continuing to develop its portfolio and move forward with exploration in several countries and commodities, the Board believes that the Company is building a portfolio of assets which offer the potential to deliver increased shareholder value.
The Company will continue to operate in its current structure and led by an experienced management team, the Company will continue to manage and grow a diversified portfolio of mining projects in Africa and elsewhere.
Paul Loudon, Non-Executive Chairman of Niger Uranium, said:
"The proposed name change to URU Metals Limited is an acknowledgement of the breadth of the Company's portfolio and the diversity of the opportunities in which we are involved in Africa and elsewhere."
The Company's shares will trade under the new name on AIM with effect from 8.00 a.m. on Monday 14 March 2011 and the Company's AIM symbol will remain unchanged as URU.
The Company's website url address will change to www.urumetals.com which the Company expects will become activated in the next 7 days. During the interim period, information on the Company (providing the information as required by AIM Rule 26) will continue to be available at www.niger-uranium.com.
With effect from 8.00 a.m. on Monday 14 March 2011 the Company's new ISIN will be VGG930041022.
For further information:
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Niger Uranium Limited Gordon Cassidy, Finance Director
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Tel: +27 (0) 11 269 4900
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Beaumont Cornish Limited (Nominated Adviser) Michael Cornish
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Tel: +44 (0) 20 7628 3396
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Daniel Stewart & Co Plc (Broker) Sean Lunn
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Tel: + 44 20 7776 6561
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Brand: Mining IR Andre Morrall /Dr. Iestyn Adams
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Tel: +44 (0) 151 531 7908
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Forward-Looking Statements:
This press release contains statements that are 'forward-looking'. Generally, the words 'expect', 'intend', 'estimate', 'will' and similar expressions identify forward-looking statements. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward-looking statements. Statements in this press release regarding the Company's business or proposed business, which are not historical facts, are 'forward looking' statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.
These forward-looking statements speak only as of the date they are made.
ENDS
This information is provided by RNS