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25 Sep 2008 12:36
25 September 2008
Cape Lambert Iron Ore Limited
Proceedings Resolved
As previously advised, on Friday, 19 September 2008, the Supreme Court of Western Australia granted an interim injunction restraining Cape Lambert Iron Ore Limited from declaring its agreement with African Minerals Limited ("African Minerals") (AIM: AMI) to acquire a stake in the highly prospective Marampa Iron Ore Project in Sierra Leone (Marampa Project) unconditional, issuing shares to complete the acquisition or entering into any other agreement with African Minerals. On Tuesday, 23 September 2008, the Court extended that injunction and reserved its decision as to a final injunction and was expected to deliver its decision before the end of this week.
As a result of extensive discussions between Power United Limited and the Company, the parties have resolved the proceedings by consent with the interim injunction being discharged and with each party bearing their own costs of the proceedings.
FOR MORE INFORMATION PLEASE CONTACT:
Cape Lambert Iron Ore Limited:
Tony Sage +61 (0)8 9380 9555
Australian Enquiries:
Professional Public Relations
David Tasker +61 (0)8 9388 0944/ +61 433 112 936
UK Enquiries:
Nominated Adviser:
Grant Thornton UK LLP
Fiona Owen +44 (0)20 7383 5100
AIM Broker:
Collins Stewart Europe Limited
Adrian Hadden +44 (0)20 7523 8353
Oliver Quarmby +44 (0) 20 7523 8354
Conduit PR:
Jos Simson +44 (0)20 7429 6603/+44 (0)7899 870 450
Jane Stacey +44 (0)20 7429 6606
Website: www.capelam.com.au
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