Business
Corporate Update - Republic o
Corporate Update - Republic o.
About this update from Uru Metals Limited
[{"type":"text","content":"\n RNS Number : 4406H Niger Uranium Limited 19 February 2010 \n \n\n \nFor immediate release\n \n19 February 2010\n \nNiger Uranium Limited\n(\"Niger Uranium\" or the \"Company\")\nCorporate Update - Republic of Niger\n \nThe Board of the Company notes today's press reports regarding a military coup in the Republic of Niger (\"Niger\"). Niger Uranium holds eight prospecting licenses in Niger, covering a total area of 1,673,644 acres (6,773 square kilometres). As set out in the Company's announcement of its interim results for the six months ended 30 September 2009, the difficult security situation in Niger has precluded the Company from carrying out recent exploration activities. As and when the security situation improves sufficiently, the Company had intended to recommence the exploration and drilling of identified targets within its licence areas. A further announcement will made in due course when the future impact of the current developments in Niger on exploration there becomes clearer. In the meantime, the Company has maintained a limited financial exposure to Niger.\n \nDavid Weill, Chairman commented:\n \n\"Fortunately we don't believe that any personnel associated with our operations have been caught up in the recent events and we look forward to calm returning within Niger shortly, allowing us to resume normal business. Niger Uranium remains committed to working with all parties in country.\"\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\n \nENDS\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END SPCSFEFWUFSSEEE \n ","length":3450,"tagName":"div"}]