21 Mar 2018 14:00
21 March 2018
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Aminex plc
Β ("Aminex" or "the Company")
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Possible Transaction
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Following recent inquiries Aminex advises that it is in discussions with Eclipse Investments LLC ('Eclipse'), which is a related party, regarding a possible farm out of part of its interest in the Ntorya Appraisal Area. Eclipse is a wholly-owned subsidiary of the Zubair Corporation and is the Company's largest shareholder. TheΒ Zubair Corporation is one of Oman's leading business groups.
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Any farm-out would be subject to Tanzanian Government, shareholder and certain other approvals. There is no guarantee that a transaction will be completed. Shareholders will be updated when appropriate.
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Ends
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Aminex PLC
Jay Bhattacherjee, Chief Executive Officer +44 (0) 20 3198 8415
Max Williams, Chief Financial Officer
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Investec Bank plc
Chris Sim +44 (0) 207 597 4000
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Shore CapitalΒ
Jerry Keen +44 (0) 20 7408 4090
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DavyΒ
Brian Garrahy +353 (0) 1 679 6363
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CamarcoΒ
Billy Clegg / Gordon PooleΒ / James Crothers +44 (0) 20 3757 4980
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