EMG Circular to Shareholders

14 Feb 2007 18:26

Cardinal Resources plc14 February 2007 LONDON - Wednesday, 14th February 2007 Cardinal Resources plc (AIM:CDL) ("Cardinal" or "the Company"), an independentoil and gas production and exploration company operating in Ukraine, todaymailed a circular to shareholders to notify them of a requisitionedextraordinary general meeting ("EGM") to be held on the 8th March 2007. A dissident shareholder, QVT Fund LP, has requisitioned the EGM to remove RobertJ. Bensh as Director, Chairman and Chief Executive and to appoint Mr IgorEffimoff, an individual unknown to the Board of Cardinal, as a Director andChief Executive. The Board of Cardinal has unanimously recommended thatshareholders vote against the proposed resolutions. ### For further information please contact: Cardinal Resources Brunswick GroupCharles Green / Natalia Egorova Paul Scott+44 (0) 20 7936 5250 +44 (0) 20 7404 5959investor.relations@cardinal-uk.com cardinal@brunswickgroup.com Nominated AdviserNabarro Wells & Co. LimitedJohn Wilkes / Marc Cramsie+44 (0) 20 7710 7400cardinal@nabarro-wells.co.uk Notes to Editor Cardinal Resources plcCardinal Resources plc is an independent oil and gas production and explorationcompany with assets in Ukraine. Cardinal is an experienced operator in thecountry focused on expanding its existing operations through the farm-in oracquisition of additional upstream oil and gas assets that can be furtherdeveloped through the application of modern technology and expertise. ### This information is provided by RNS The company news service from the London Stock Exchange