Lapse of Option
March 31 2010 - 4:16AM
UK Regulatory
TIDMCLN
RNS Number : 4948J
Carlton Resources PLC
31 March 2010
Carlton Resources plc
("Carlton" or the "Company")
Lapse of Option
The Directors of Carlton announce that the Company has today allowed its option
to acquire all of the shares in Tobon Tondo suarl ("Tobon"), the Malian gold
company, to lapse. The Directors have taken this decision due to a combination
of delays in the due diligence process in relation to Tobon and in the perceived
timeframe for raising funds to finance the Tobon acquisition.
The Company continues to undertake due diligence in relation to a number of
other potential mineral project acquisitions located in Africa, in line with its
stated investment strategy.
The Directors would like to reassure shareholders that they are committed to
ensuring Carlton has a future life as an AIM-listed company. Ensuring that the
right mix of assets and cash are injected into the Company is the key to its
future, and the Directors continue to work towards this objective.
For further information, please contact:
+-------------------------------------------+-----------------+
| Carlton Resources Plc | Tel: +44 75 |
| Mark Burchnall (Chief Executive) | 4989 2425 |
| | |
+-------------------------------------------+-----------------+
| | |
| Strand Hanson Limited (Nominated Adviser) | Tel: +44 20 |
| Warren Pearce/Paul Cocker | 7409 3494 |
+-------------------------------------------+-----------------+
| | |
| Ambrian Partners Limited (Broker) | Tel: +44 20 |
| Shaun Whyte | 7634 4722 |
+-------------------------------------------+-----------------+
| | |
| Conduit PR (Press Enquiries) | Tel: +44 20 |
| Charlie Geller/Leesa Peters | 7429 6604 |
+-------------------------------------------+-----------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCKKDDDFBKKNNN
Carlton Res. (LSE:CLN)
Historical Stock Chart
From May 2024 to Jun 2024
Carlton Res. (LSE:CLN)
Historical Stock Chart
From Jun 2023 to Jun 2024