Oriel Resources plc
TSX : ORL
AIM : ORI

Oriel Resources plc

July 03, 2008 02:00 ET

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

LONDON, UNITED KINGDOM--(Marketwire - July 3, 2008) - Oriel Resources Plc ("Oriel" or the "Company") (TSX:ORL)(AIM:ORI), the London-based chrome and nickel mining and processing company, announces an update to its announcement on 2 May 2008 regarding the timing of cancellation of the admission of the Company's shares on the AIM market. Oriel's issued ordinary share capital, which is currently 99.7 per cent owned by Mechel OAO, a New York Stock Exchange listed company, will not be cancelled from trading on AIM in the immediate future. Oriel is currently considering its corporate and strategic options and a further announcement will be notified to the market in due course.

Contact Information

  • Mechel OAO
    Alexander Tolkach
    Head of International Relations & Affairs Relations
    +7 495 221 8888
    or
    Oriel Resources Plc
    Dmitry Prokopyuk
    Company Secretary
    +7 495 221 8888
    or
    Oriel Resources Plc
    Gavin Dallas
    Investor Relations
    +44 (0) 20 7514 0590
    Email: info@orielresources.com
    Website: www.orielresources.com
    or
    Canaccord Adams Limited
    Ryan Gaffney
    +44 (0) 20 7050 6500