Business
Escrow Shares Update
Escrow Shares Update.
About this update from Uru Metals Limited
[{"type":"text","content":"\n RNS Number : 5806E Niger Uranium Limited 22 December 2009 \n \nFor immediate release\n22 December 2009\nNiger Uranium Limited\n(\"Niger Uranium\" or the \"Company\")\nEscrow Shares Update\n\nOn 8 October 2009, the Company announced that the share purchase agreement under which Niger Uranium had agreed, subject to the satisfaction of certain conditions precedent, to acquire URU Henkries had lapsed and that the acquisition had terminated. In accordance with the sale and purchase agreement, as the transaction did not complete, on 30 October 2009 the Board announced that it was arranging for the buyback for a nominal amount and cancellation of the 8,500,000 Escrow Shares in accordance with BVI law. \n\nThe Board announces that it has today completed the cancellation of the Escrow Shares which will be subsequently cancelled from trading on AIM.\n\nFollowing this cancellation, the issued share capital of the Company will amount to 113,210,056 Ordinary Shares.\n\nEnquiriesNiger Uranium Limited\nDavid Weill, Chairman \nTel: +44 (0) 20 7881 0180\n\nNominated Adviser \nBeaumont Cornish Limited\nMichael Cornish \nTel: +44 (0) 207 628 3396\n\n\nDefinitions\n\n\n\n\n\n \"Escrow Shares\"\n\n\n8,500,000 million Ordinary Shares, issued and allotted to the Henkries escrow agent which as announced on 30 October 2009 were to be transferred to the Company's broker to hold pending cancellation by the Company;\n\n\n\n\n\"Henkries Acquisition\"\n\n\nthe proposed acquisition by the Company of the Namakwa Interest from Aardvark Uranium Limited under the terms of the conditional sale and purchase agreement between the Company and Aardvark Uranium Limited dated 29 August 2008 which was terminated on 8 October 2009; \n\n\n\n\n\n\nENDS\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCDGMZZKZKGLZM \n ","length":4519,"tagName":"div"}]