3 June 2016
Oracle Coalfields PLC
("Oracle" or "the Company")
STATEMENT REGARDING SHARE PRICE MOVEMENT
Oracle Coalfields PLC (AIM:ORCP), the UK energy developer of a combined lignite mineral resource and mine mouth power plant located in the Thar desert, in the south-east of Sindh Province, Pakistan, notes higher than normal level of trading activity in its shares. Oracle is pleased to announce that it has signed a Shareholder Framework Agreement subject to conditions precedent, whereby a consortium of new and existing Chinese partners will take 70% equity in its subsidiaries in Pakistan in order to advance the development of the project. A further announcement will be made in due course.
Ends
For further information:
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Oracle Coalfields PLC Shahrukh Khan |
+44 (0)203 102 4807 |
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Brandon Hill Capital Limited Oliver Stansfield |
+44 (0)203 463 5000 |
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Peterhouse Corporate Finance Charles Goodfellow |
+44 (0)20 7220 9791 |
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Grant Thornton UK LLP Salmaan Khawaja, Richard Tonthat, Daniel Bush |
+44 (0) 207 373 5100 |
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Blythe Weigh Communications Tim Blythe, Camilla Horsfall, Megan Ray |
+44 (0) 207 138 3204 |
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Fortbridge Consulting Matt Beale, Bill Kemmery |
+44 (0)7966 389196 |
This information is provided by RNS