White Nile Limited
16 June 2005
White Nile Ltd ('White Nile' or 'the Company')
'Results of EGM'
The Company announces that at the EGM held today at 3pm the following ordinary
resolution was passed:
'That the acquisition by the Company of an interest in a petroleum concession
located in an area known as Block Ba in Southern Sudan from Nile Petroleum
Corporation Ltd (as more fully described in the letter from the Chairman set out
on pages 8 to 17 of the circular to shareholders dated 19 May 2005) in
consideration for which the Company is to allot 155,000,000 ordinary shares of
0.1p to Nile Petroleum Corporation Ltd, be and is hereby approved and the
Directors of the Company be authorised to implement the terms thereof.'
The 155,000,000 ordinary shares allotted to Nile Petroleum Corporation Ltd,
which as disclosed in the circular to shareholders dated 19 May 2005 are subject
to lock-in arrangements for twelve months starting from the date of Admission,
will be admitted to trading, along with the 155,000,000 ordinary shares
currently in issue, at 7am on Friday 17 June 2005.
This information is provided by RNS
The company news service from the London Stock Exchange