Delisting from AIM
June 14 2010 - 2:00AM
UK Regulatory
TIDMCLN
RNS Number : 5212N
Carlton Resources PLC
14 June 2010
Carlton Resources Plc
("Carlton" or the "Company")
Delisting from AIM
The board of directors of Carlton (the "Board") today announces that in
accordance with Rule 41 of the AIM Rules for Companies and as a result of the
fact that the Company's ordinary shares of 0.1p each ("Ordinary Shares") having
been suspended from trading on AIM for a period of six months, the cancellation
of admission of the Company's Ordinary Shares to trading on AIM, will take
effect from 7.00 a.m. tomorrow, Tuesday 15 June 2010.
The Board has taken a view that it is vital that a transaction entered into by
the Company must be of the highest quality, be readily financeable and offer
significant upside potential. A large number of projects have been reviewed but
to this date the Board does not believe a suitable asset has been identified.
The search continues and is an active process. The Board is mindful that
shareholders have lost liquidity in the stock and is committed to a relisting of
the Company as soon as possible. The Board's view is fully supported by Nyota
Minerals Limited (ASX/AIM: NYO), the Company's largest shareholder, who hold
28.49% of the Company's Ordinary Shares.
The relisting process is procedurally similar to the requirements to acquire a
significant asset and will not place an additionally onerous burden on the
Company. Further information will be made available on the Company's website,
www.carltonresourcesplc.com, in due course.
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
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