Oriel Resources plc

Oriel Resources plc

May 02, 2008 12:29 ET

Update on Cancellation of the Admission to Trading of Oriel Resources' Shares on the AIM Market

LONDON, UNITED KINGDOM--(Marketwire - May 2, 2008) -

Oriel Resources Plc ("Oriel" or the "Company")

Update on Cancellation of the Admission to Trading of the Company's Shares on the AIM Market

Further to the announcement by Mechel OAO ("Mechel") on 17 April 2008, Oriel Resources plc (TSX:ORL)(AIM:ORI) announces that the admission to trading of its shares on the Alternative Investment Market of the London Stock Exchange will not now be cancelled on 6 May 2008.

It is intended that cancellation of admission to trading of Oriel shares on AIM will now take effect on or around the end of June 2008. The exact revised date will be notified once ongoing discussions relating to Oriel's continuing financing arrangements have been concluded.

Contact Information

  • Oriel Resources Plc
    David Swan
    Company Secretary
    +44 (0) 20 7514 0590
    Oriel Resources Plc
    Gavin Dallas
    Marketing and PR
    +44 (0) 20 7514 0590
    Email: info@orielresources.com
    Website: www.orielresources.com
    Bankside Consultants
    Michael Padley / Michael Spriggs
    +44 (0) 20 7367 8888
    Canaccord Adams Limited
    Ryan Gaffney
    +44 (0) 20 7050 6500
    Vanguard Shareholder Solutions
    Keith Schaefer
    (604) 608-0824