11 Dec 2008 13:53
Central African Mining & Exploration Company Plc
Index: AIM / Epic: CFM / Sector: Mining & Exploration
Central African Mining & Exploration Company Plc
('CAMEC' or 'the Company')
Comment re Copper Resources Corporation
CAMEC notes the announcement made by Copper Resources Corporation ("CRC") yesterday concerning CAMEC's 47% shareholding in CRC.
The directors of CAMEC consider that the board of CRC has acted improperly in seeking to disenfranchise CAMEC's shareholding in CRC and has failed to heed the detailed discussions that were held between CAMEC and CRC and its majority shareholder, Metorex Limited, earlier this year after CAMEC's purchase of shares in CRC. CAMEC vigorously opposes the purported disenfranchisement and will use all avenues available to it to get the shares it holds re-enfranchised as soon as possible.
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For further information please visit www.camec-plc.com or contact:
| Andrew Groves | CAMEC | Tel: 0845 108 6060 |
| Jonathan Wright | Seymour Pierce Ltd | Tel: 020 7107 8000 |
| Ben Brewerton | Financial Dynamics | Tel: 020 7831 3113 |