UEP Umc Energy

The assets and liabilities acquired were as follows:

 
                                                                                          $ 
                   Cash and cash equivalents                                         18,558 
                   Investment in group undertaking - PNG petroleum project       26,472,101 
                   Intangible assets - Madagascar uranium project                 3,068,676 
                   Plant and equipment                                                  465 
                   Fair value of options granted under option incentive 
                    plan                                                        (1,499,640) 
                   Loan payable - Natasa Mining Ltd                            (10,817,642) 
 
                                                                                 17,242,518 
                                                                             -------------- 
 
    29.   Publication of non statutory accounts 

The financial information set out in this announcement does not constitute statutory accounts.

The financial information for the year ended 31 December 2013 has been extracted from the Group's financial statements to that date upon which the auditors' opinion is modified on the basis of an emphasis of matter opinion on going concern.

   30.    Annual Report and Annual General Meeting 

The Annual Report for the year ended 31 December 2013 will be available from the Company's website www.umc-energy.com tomorrow.

The annual general meeting of the Company has been convened for 10.30 a.m. on 25 June 2014 at First Floor, 10 Dover Street London W1S 4LQ

Enquiries:

Chrisilios Kyriakou, Chairman

UMC Energy Corporation

   Telephone:                         +44(0) 20 7290 3102 

Angela Hallett/ James Spinney

Strand Hanson Limited

   Telephone:                         +44 (0) 20 7409 3494 

Philip Haydn-Slater/Paul Dudley

HD Capital Partners LLP

   Telephone:                         +44 (0) 20 3551 4870 

Jerry Keen / Stephane Auton / Patrick Castle

Shore Capital Stockbrokers Limited

Joint Broker

   Telephone:                         +44 (0)20 7408 4090 

This information is provided by RNS

The company news service from the London Stock Exchange

END

FR PGUCUAUPCGGR

UMC Energy (LSE:UEP)
Historical Stock Chart
From May 2024 to Jun 2024

UMC Energy (LSE:UEP)
Historical Stock Chart
From Jun 2023 to Jun 2024