Last checked at 21 Mar 2018 14:00
21 March 2018
Aminex plc
("Aminex" or "the Company")
Possible Transaction
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. The Zubair Corporation is one of Oman's leading business groups.
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.
Ends
Aminex PLC
Jay Bhattacherjee, Chief Executive Officer +44 (0) 20 3198 8415
Max Williams, Chief Financial Officer
Investec Bank plc
Chris Sim +44 (0) 207 597 4000
Shore Capital
Jerry Keen +44 (0) 20 7408 4090
Davy
Brian Garrahy +353 (0) 1 679 6363
Camarco
Billy Clegg / Gordon Poole / James Crothers +44 (0) 20 3757 4980