Disposal of Shareholding in Marenica Energy Ltd
25 Januar 2010 - 1:42PM
UK Regulatory
TIDMAFNR
RNS Number : 0711G
AfNat Resources Limited
25 January 2010
For immediate release
25 January 2010
AfNat Resources Limited
("AfNat" or the "Company")
Disposal of Shareholding in Marenica Energy Limited
AfNat, the mining company focused on developing a diversified portfolio of
interests in exploration and advanced stage mining assets, announces that
following a review of the Company's quoted investments, the Company has disposed
of its entire shareholding in Marenica Energy Limited (ASX: MEY). AfNat retains
an interest in 10,325,000 options over ordinary shares in MEY exercisable at
A$0.25 per share by 30 June 2011. The net proceeds from the share disposal will
be used to increase the Company's cash balance.
Enquiries:
AfNat Resources Limited
David Weill, Chairman
Tel: +44 (0) 20 7881 0180
Nominated Adviser, Seymour Pierce Limited
Nicola Marrin/Catherine Leftley
Tel: +44 (0) 20 7107 8000
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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