Business
Corporate Update
Corporate Update.
About this update from Uru Metals Limited
[{"type":"text","content":"\n RNS Number : 2178G Niger Uranium Limited 27 January 2010 \n \n\nFor immediate release\n\n27 January 2010\n\nNiger Uranium Limited\n(\"Niger Uranium\" or the \"Company\")\n \nCorporate Update\n\nAs previously announced on 20 January 2010, the Company received a requisition from NWT Uranium Corp to convene an Extraordinary General Meeting including a proposed resolution to the effect that the Board should in turn requisition a general meeting of Kalahari Minerals Plc (\"Kalahari\"), with a view to Kalahari's members passing a resolution to affect a distribution in specie of not less than ninety per cent. of the shares that Kalahari owns in Extract Resources Limited (\"Extract\") to the shareholders of Kalahari (the \"NWT Resolution\").\n\nThe Board is unanimous in its support of Kalahari and is confident that Kalahari is best placed to further develop the value of its strategic 41 per cent. interest in Extract. The Board does not support a distribution by Kalahari of the Extract shares and would regard any such distribution at this time as value destructive. \n\nThe Board is fully committed to pursuing the highest standards of corporate governance and focusing on maximising the value of its investments on behalf of all the Company's shareholders and will continue to consider the strategic alternatives for so doing. \n\n\nEnquiries:\nNiger Uranium Limited\nDavid Weill, Chairman \nTel: +44 (0) 7775 654 154\n\nNominated Adviser, Beaumont Cornish Limited \nTel: +44 (0) 207 628 3396\nMichael Cornish\n\nENDS\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCSEIFLWFSSELF \n ","length":4054,"tagName":"div"}]