Share Price Movement

RNS Number : 3327P

China Africa Resources PLC

16 November 2016

 



China Africa Resources plc 

("China Africa" or the "Company")

Share Price Movements

The Board of China Africa Resources (LON:CAF) note the recent movement in the share price of the Company.  The Board can confirm that the Company is currently in the final stages of negotiating a corporate transaction which, if implemented, will lead to a restructuring of the Company.  In parallel the Company intends making a share placement at a price materially lower than the current market price. 

All proposals will be subject to shareholder approval at a General Meeting.

The Company will provide further updates as and a when possible.

Enquiries: China Africa Resources Plc	[phone]
Rod Webster, Chief Executive Officer Kevin Ellis, Company Secretary
RFC Ambrian Limited                                           (Nominated Adviser & Broker) Stephen Allen / Kim Eckhof	[phone]

Further information is available on the Company's website: www.chinaafricares.com

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.

 

END

 

 

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