14 Jan 2005 16:05
El Oro And Exploration Co Plc14 January 2005 El Oro and Exploration Company p.l.c. 14 January 2005 PROPOSED DISPOSAL OF DANBY TO A RELATED PARTY PURSUANT TO A SCHEME OF ARRANGEMENT ("SCHEME") OUTCOME OF COURT HEARING The petition of El Oro and Exploration Company p.l.c. to sanction the Scheme andconfirm the associated reduction of capital was heard by the High Court ofJustice on 14 January 2005. The Scheme was sanctioned and the reduction ofcapital has been confirmed by the Court. The effective date of the Scheme andthe reduction of capital is expected to be on or about 19 January 2005. This information is provided by RNS The company news service from the London Stock Exchange