REG - Xtract Resources plc - Kalengwa update

Xtract ResourcesAnnouncement

21/10/2019 15:25

RNS Number : 6029Q
Xtract Resources plc
21 October 2019
 


 
 
For immediate release
21 October 2019
 
Xtract Resources Plc
("Xtract" or the "Company")
Kalengwa Processing Copper Project Zambia ("Kalengwa") Update
 
The Board of Xtract Resources Plc ("Xtract" or the "Company") announces that further to the announcement of 15 July 2019, the Company has today informed KPZ International Ltd ("KPZ") that it intends to exercise its option to act as contractor  for the  Kalengwa Processing project on the copper large scale mining license number 24401-HQ-LEL located in the central part of the Republic  of Zambia and the Company will pay KPZ UDS200,000 to be settled through the issuance of new Xtract ordinary shares ("New Shares"). A further announcement will be made as and when the New Shares are conditionally issued.
 
 
 
Enquiries:
 



Xtract Resources Plc


Colin Bird,
Executive Chairman
 


+44 (0)20 3416 6471
www.xtractresources.com




Beaumont Cornish Limited
Nominated Adviser and Joint Broker


Roland Cornish
Michael Cornish
Felicity Geidt


+44 (0)207628 3396
www.beaumontcornish.co.uk




 
Novum Securities Limited
Joint Broker                  


 
Colin Rowbury 


 
+44 (0)207 399 9427 
www.novumsecurities.com  



 

 
ENDS




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