Ferrum Option Extension and Directorate Change

RNS Number : 0117T

Emerging Metals Limited

30 November 2011

 



For Immediate Release: 0700hrs 30 November 2011

Emerging Metals Limited

("EML" or the "Company")

Extension of Ferrum Option Period

Change to Board of Directors

Extension of Ferrum Option Period

Further to its announcement on 3 June 2011, the Company confirms that the deadline for exercise of its option to acquire all the issued and  to be issued ordinary shares of Ferrum Resources Limited ("Ferrum") not already owned by it has been extended from 30 November 2011 to 31 January 2012, with completion of the acquisition not later than 31 March 2012.

The Company is currently interested in 37.23 per cent. of the issued share capital of Ferrum.

Change to Board of Directors

The Company also announces that Mitchell Alland, who has been a member of the board of EML ("Board") since his appointment in January 2008, has stood down from the Board with immediate effect.  The Company will seek to appoint a replacement non-executive director in due course.

Jim Mellon, Executive Co-Chairman of EML, said: "The Board would like to thank Mitch for his valued contribution during his time with the Company and wish him well for the future."

For further information:

Emerging Metals Limited	Religare Capital Markets Limited	Evolution Securities          Limited	GTH Communications
Denham Eke	Peter Trevelyan-Clark Emily Staples	Jeremy Ellis Matt Tyler	Toby Hall Suzanne Johnson Walsh
[phone]	[phone]	[phone]	[phone]

 

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