Business
Proposed Demerger - Settlemen
Proposed Demerger - Settlemen.
About this update from Uru Metals Limited
[{"type":"text","content":"\n RNS Number : 8136C Niger Uranium Limited 19 November 2009 \n \nFor immediate release\n19 November 2009\nNiger Uranium Limited\n(\"Niger Uranium\" or the \"Company\")\n\nProposed Demerger of the Group's holding of 25,000,000 Kalahari Shares \nSettlement timetable\n\nOn 30 October 2009 Niger Uranium announced that the Company proposed a conditional dividend in specie of substantially all of its stake in Kalahari Minerals. The Special Dividend is conditional, inter alia, on approval by Shareholders at the Meeting of Shareholders to be held on 24 November 2009. There can be no assurance at this stage that Shareholders will approve the Special Dividend. If the Special Dividend is not approved, the Company will continue to hold its entire holding of Kalahari Shares.\n\nSubject to Shareholder approval, the Special Dividend will be paid to all Qualifying Shareholders on the register at the Record Date, which is 6.00 p.m. on 24 November 2009. The Kalahari Shares will be credited to Qualifying Shareholders CREST accounts and/ or share certificates despatched during the week commencing 4 January 2010 and in any event by 8 January 2010.\n\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\nForward Looking Statements\n\nCertain statements within this announcement constitute forward looking statements. Such forward looking statements involve risks and other factors which may cause the actual results, achievements or performance of the Company to be materially different from any future results, achievements or performance expressed of implied by such forward looking statements. Such risks and other factors include, but are not limited to, general economic and business conditions, changes in government regulation, currency fluctuations, the Company's ability to develop its existing or new resources, competition and changes in development plans. There can be no assurance that the r...