African Copper Plc

African Copper Plc

June 03, 2009 02:00 ET

African Copper Plc: Settlement of Natasa Mining Ltd ("Natasa") Claims and Withdrawal of Provisional Liquidation Petition in Botswana

LONDON, UNITED KINGDOM--(Marketwire - June 3, 2009) - African Copper PLC (AIM:ACU)(BOTSWANA:AFRICAN COPPER) ('ACU') is pleased to announce that it has settled in full all the claims of Natasa against its subsidiary Messina Copper (Botswana) (Pty) Ltd ("Messina") and Matsitama Minerals (Proprietary) Limited . Accordingly, Natasa has withdrawn its petition for the provisional liquidation of Messina filed at the Botswana High Court.

About ACU

ACU is an international exploration and development company incorporated in England and Wales and -listed on the AIM market of the London Stock Exchange and the Botswana Stock Exchange. ACU is involved in the exploration and development of copper deposits in Botswana and is currently developing its first copper mine at the Mowana Mine and holds permits in exploration properties at the Matsitama Project. The Mowana Mine is located in the northeastern portion of Botswana and the Matsitama Project is contiguous to the southern boundary of the Mowana Mine.

Numis Securities Limited, which is authorised and regulated by the FSA, is acting exclusively for ACU and no-one else in relation to this announcement and will not be responsible to any person other than ACU under the Financial Services and Markets Act 2000, the rules of the FSA or otherwise for providing the protections afforded to its clients or for any matter concerning the announcement or for providing advice in relation to the announcement or in relation to the contents of this announcement or any other transaction, arrangement or matter referred to herein. Numis Securities Limited can be contacted at The London Stock Exchange Building, 10 Paternoster Square London EC4M 7LT.

Contact Information

  • African Copper PLC
    Chris Fredericks
    +27 (11) 467 2360
    African Copper PLC
    Brad Kipp
    (416) 847 4866
    Numis Securities Limited
    John Harrison (Nominated Advisor)
    James Black (Corporate Broker)
    +44 (9) 20 7260 1000