Kalahari Minerals plc / Ticker: KAH / Index: AIM / Sector: Mining & Exploration
15 April 2010
Kalahari Minerals plc (`Kalahari' or `the Company')
Exercise of Options and Total Voting Rights
Kalahari Minerals plc, the AIM listed resource company, today announces the
exercise of 475,000 options into new ordinary shares of 1p each (`Ordinary
Shares') in Kalahari (`the New Ordinary Shares').
Application has been made for the New Ordinary Shares to be admitted to trading
on AIM, which is anticipated to occur on 19 April 2010.
For the purposes of the Financial Services Authority's Disclosure and
Transparency Rules, the total number of Ordinary Shares in issue following
admission of the New Ordinary Shares to trading on AIM will be 226,028,701,
each carrying the right to one vote.
The above figure of 226,028,701 may be used by shareholders as the denominator
for the calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, Kalahari under the
FSA's Disclosure and Transparency Rules.
* * ENDS * *
For further information please visit www.kalahari-minerals.com or contact:
Mark Hohnen Kalahari Minerals plc Tel: +44 (0) 20 7292 9110
Simon Raggett Strand Hanson Limited Tel: +44 (0) 20 7409 3494
Stuart Faulkner Strand Hanson Limited Tel: +44 (0) 20 7409 3494
Rory Murphy Strand Hanson Limited Tel: +44 (0) 20 7409 3494
Richard Chase Ambrian Partners Ltd Tel: +44 (0) 20 7634 4700
Rory Scott Mirabaud Securities LLP Tel: +44 (0) 20 7878 3360
Hugo de Salis St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177
Susie Callear St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177
Notes to Editors:
Kalahari Minerals plc is an AIM and NSX listed resource company with uranium,
gold and base metal interests in Namibia. Its key investment is its 40.4%
holding in ASX, TSX and NSX listed Extract Resources Limited
(www.extractresources.com), which is developing the Husab Uranium Project,
strategically located directly south of Rio Tinto's producing Rossing Mine.
Work is focussing on three main prospects within the project area, Rossing
South, Ida Dome and Hildenhof, and results continue to underpin the
prospectivity of the region, particularly following the world class Rossing
South discovery. Extract has reported a JORC compliant combined Husab Resource
(Global Resource) in excess of 292 M lbs U3O8 at a grade of 439 ppm of which
267 M lbs U3O8 at a grade of 487 ppm is from the two zones at Rossing South at
100 ppm U3O8 cut-off. Importantly, these are both open ended at depth and along
strike. Kalahari believes Extract has the ground and potential to deliver on
Kalahari's estimates of a resource in the region of 550 M lbs U3O8.
Kalahari's other key investment is its circa 44.7% holding in North River
Resources plc, an AIM listed emerging southern African focussed multi commodity
resource development company.