Anglo Pacific Group PLC
21 December 2004
Anglo Pacific Group PLC
21st December 2004
ANGLO PACIFIC GROUP PLC TAKES 100% CONTROL OF ITS PRIVATE COAL
INTERESTS IN CANADA
In exchange for a 5% carried interest and a cash payment of C$I million made to
Hidefield Gold Plc, Anglo Pacific Group PLC, ('Anglo Pacific'), has increased
its control from 65% to 100% of each of the Groundhog and Trefi coal projects in
British Columbia, Canada. In addition to substantially increasing its Canadian
coal resources, Anglo Pacific now has the flexibility in negotiating the
requisite joint venture arrangements needed to develop these projects with the
potential to further increase the Group's coal royalty receipts. As a result of
this acquisition and in addition to its current listings, the Board of Anglo
Pacific is considering the possibility of listing the Group's shares on the
Toronto Stock Exchange.
Enquiries:
Brian Wides/ Peter Boycott/M.Tack Anglo Pacific Group PLC 020 7409 1111
Stephen Scott / James Harris Scott Harris 020 7618 6433
For further information please visit www anglopacificgroup.com
This information is provided by RNS
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