Sunkar Resources PLC Annual General Meeting and Operations Update (9182K)
June 30 2014 - 9:00AM
UK Regulatory
TIDMSKR
RNS Number : 9182K
Sunkar Resources PLC
30 June 2014
30 June 2014
SUNKAR RESOURCES PLC
("Sunkar" or the "Company")
Annual General Meeting and Operations Update
Sunkar (AIM: SKR) announces that, in light of the recommended
cash offer made for the Company by Sun Avenue Partners Corp., on 17
June 2014, the board of Sunkar have elected to convene the
Company's Annual General Meeting on 19 August 2014, after the date
on which such offer either will, or will not, have become
unconditional as to acceptances.
Accordingly, a separate announcement, including details of the
meeting and confirmation of the posting of a Notice of Annual
General Meeting and a Form of Proxy for the Annual General Meeting,
will be issued in due course.
As announced on 2 April 2014, the Company's wholly owned
subsidiary Temir-Service LLP ("Temir") agreed an extension to the
second earth moving contract with a value of approximately KZT79
million ($434,000). The majority of these works were completed, in
terms of volumes, during April 2014 and Temir now expects to
complete the final works during the course of July 2014.
Temir is also yet to complete approximately 5,000 m(3) of works
under the first earth moving contract, as these were delayed due to
other critical path workstreams, which had to be completed prior to
completion of the embankment, which is the main element of this
earth moving contract. Although these works were expected to have
been completed by the end of this quarter, Temir now expects to
complete these works during the course of July 2014.
Enquiries:
Sunkar Resources plc Tel: 020 7397 3730
Teck Soon Kong
Serikjan Utegen
Strand Hanson Limited Tel: 020 7409 3494
Stuart Faulkner
Andrew Emmott
James Dance
Bankside Consultants Tel: 07703 167 065
Simon Rothschild
or visit: www.sunkarresources.com
This information is provided by RNS
The company news service from the London Stock Exchange
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