Business
Statement re Resignation of a Director
Statement re Resignation of a Director.
About this update from Oracle Power Plc
[{"type":"text","content":"\n \n\n 22/05/2009\n GB00B23JN426/GBP/PLUS-exn\n\n Oracle Coalfields PLC\n\nOracle Coalfields Plc - Resignation of Director\n\nOracle Coalfields Plc (\"Oracle\" or \"the Company\") announces the resignation of Mr. Conrad Windham\nfrom the Board with immediate effect so that he may devote more time to other projects that he is\ninvolved with. Mr Windham has agreed a 12-month lock-in on his entire shareholding of 5,020,000\nordinary shares and 6,000,000 warrants.\n\nFollowing this resignation the Directors are interested in a total of 29,638,291 ordinary shares\nwhich represents 24.22% of the issued share capital of 122,359,668 ordinary shares.\n\nShahrukh Khan, Chairman, Oracle Coalfields PLC commented:\n\n\"I would like to extend my sincere thanks to Conrad for his involvement as a director with Oracle\nCoalfields since the Company's formation almost three years ago. Conrad has played an effective\nrole since the Company's inception, and the Company is grateful for all his contribution.\"\n\nThe Directors of the issuer accept responsibility for this announcement.\n\nENQUIRIES:\n\nOracle Coalfields PLC\nShahrukh Khan, Chairman\nTelephone: +44 (0) 1366500722\nEmail: [email protected]\n\nSt Helen's Capital plc\nBarry Hocken\nTelephone: 020 7628 5582\nEmail: [email protected]\n\nLothbury Financial\nMichael Padley, Ron Marshman\nTelephone: 020 7011 9411\[email protected]\[email protected]\n\nWEBSITE: www.oraclecoalfields.com\n\nAbout Oracle:\n\nOracle Coalfields plc is a London-based resource exploration and development company with an 80\nper cent owned subsidiary (Sindh Carbon Energy Limited) operating in Pakistan. The Company's\nshares are quoted on the PLUS markets (symbol: ORCP).\n\nOracle's flagship project is the Block VI coal project located on the Thar coalfield in the\neastern Sindh province, Pakistan. Block VI hosts a JORC-compliant resource of 1.4 billion tonnes\nof which 371 million tonnes are in the proven category.\n\nThe Company also owns the Indus East coal project in Pakistan where a pre-feasibility study\ncarried out by Dargo Associates has confirmed a JORC-compliant inferred resource of 365 million\ntonnes.\n\nOracle Coalfields plc\n\n\t\t\t\t\t\t \n ","length":2518,"tagName":"div"}]