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  1. 53 Posts.
    RNS Number : 1184H
    Kalahari Minerals PLC
    31 October 2008

    Kalahari Minerals plc / Ticker: KAH / Index: AIM / Sector: Mining & Exploration

    Kalahari Minerals plc ("Kalahari" or "the Company")

    Restructure update

    On 5 September 2008 Kalahari Minerals Plc and Extract Resources Limited announced the proposed restructuring of the ownership of Kalahari and Extract by a recommended scheme of arrangement under the Australian Corporations Act.

    It was originally anticipated that the AIM admission document would be sent to shareholders by the end of October 2008 and completion of the scheme of arrangement and readmission of Kalahari would occur by the end of December 2008.

    It is now anticipated that the AIM admission document will be sent to shareholders in late November 2008 and due to the requirements of the Australian court approval process falling within the holiday period, it is now expected that completion of the scheme of arrangement and readmission will take place in February 2009.

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