Alexander Mining plc

April 28, 2011 06:30 ET

Alexander Mining plc: Termination of Agreement with RPT Resources Ltd.

LONDON, UNITED KINGDOM--(Marketwire - April 28, 2011) - Alexander Mining plc ("Alexander" or the "Company") (TSX VENTURE:AXD)(AIM:AXM)

Alexander's wholly owned subsidiary MetaLeach Limited ("MetaLeach") has received notice from ArPetrol Ltd. ('ArPetrol'), formerly RPT Resources Ltd., that it has concluded a transaction whereby it is now solely engaged in oil and gas exploration and it has therefore terminated the commercial consultancy agreement with MetaLeach.

Alexander has agreed with ArPetrol that all outstanding invoices will be settled in return for a payment of US$50,000 and Alexander having the right to pursue introduced mining project opportunities directly, one of which is with Firestone Ventures Inc.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Alexander Mining plc
    Martin Rosser
    Chief Executive Officer
    Mobile: + 44 (0) 7770 865 341

    Alexander Mining plc
    Matt Sutcliffe
    Executive Chairman
    Mobile: +44 (0) 7887 930 758

    Alexander Mining plc
    1st Floor, 35 Piccadilly, London
    W1J 0DW
    +44 (0) 20 7292 1300
    +44 (0) 20 7292 1313

    Nominated Advisor and Joint Broker
    Ambrian Partners Limited
    Samantha Harrison / Jen Boorer
    +44 (0) 20 7634 4700

    Joint Broker
    XCAP Securities plc
    John Grant / David Newton
    +44 (0) 20 7101 7070

    Public/Media Relations
    Britton Financial PR
    Tim Blackstone
    +44 (0) 20 7242 9786