Update re: Earn-in Option Agreement

RNS Number : 8421D

Xtract Resources plc

03 February 2015

 



3 February 2015

Xtract Resources Plc

("Xtract" or "the Company")

Update Re: Earn-in Option Agreement

Xtract Resources Plc (AIM : XTR) announces an update and refers shareholders to the announcement of 20 January 2015 in which the Company announced that it is in the process of re-negotiating the  earn-in option agreement. The Company is still  in discussions to re-negotiate  the terms of the current agreement  and  all payments which are due have been suspended by the agreement of both parties until a final agreement is reached. Shareholders will be advised of any further developments in negotiations and progress at the mine promptly.

Ends.

Enquiries:

Xtract Resources Plc	Jan Nelson, CEO	[phone]
Cenkos Securities Plc	Alan Stewart Derrick Lee	[phone]
Hume Capital Securities plc	Jon Belliss Abigail Wayne	[phone]
St James's Corporate Services Limited	Phil Dexter	[phone] [phone]
Gable Communications Limited	John Bick [e-mail]	[phone] [phone]

 

END

 

 

AGRXLLLBELFZBBX