Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

 Information  X 
Enter a valid email address

Kalahari Minerals (KAH)

  Print      Mail a friend

Friday 01 May, 2009

Kalahari Minerals

Placing to raise approximatel

RNS Number : 6393R
Kalahari Minerals PLC
01 May 2009

Kalahari Minerals plc / Ticker: KAH / Index: AIM / Sector: Mining & Exploration

1st May 2009

Kalahari Minerals plc ('Kalahari' or 'the Company')

Placing to raise approximately £17.89 million

Kalahari Minerals plcthe AIM listed mining exploration group with a portfolio of uranium, copper and base metal interests in Namibia, announces that it has conditionally raised approximately £17.89 million (before expenses) by way of a placing by Ambrian Partners Limited and Mirabaud Securities plc ('the Joint Brokers') of 17,890,000 new ordinary shares of 1 pence each in the capital of the Company ('the Placing Shares'), with new and existing shareholders at a price of 100 pence per Placing Share ('the Placing Price') ('the Placing').   It is intended that the net proceeds of the Placing will be used to provide Kalahari with the capacity, to the extent that it is able, maintain its stake in Extract Resources Ltd (ASX and TSX: EXT) ('Extract'). 

Kalahari Chairman Mark Hohnen said, 'The aggressive exploration programme underway at Husab continues to churn out excellent results, particularly at the Rossing South target, which we believe has the potential to become one of the largest uranium deposits in the world. With this in mind, our shareholders expressed an interest in maintaining Kalahari's position in Extract to support its growth, so we were delighted to raise this money, which will enable us to do just that. We were also pleased to attract new institutions, which have also recognised the opportunity to become involved in such an exciting project and support the Placing, which was considerably oversubscribed.'

The Placing is conditional, inter alia, upon the Company obtaining general issuance authorities from the shareholders of the Company (“the Shareholders') at the Company's annual general meeting (“the AGM'). The AGM is to be held on 12 May 2009 at 10 a.m. at the offices of Lawrence Graham LLP, 4 More London Riverside, London SE1 2AU, notice of which was sent to Shareholders on 17 April 2009 (“the Notice'). At the time the Notice was sent, the directors of the Company (“the Directors') had no intention of undertaking a Placing. However, following the publication of updated drilling results by Extract on 27 April 2009 and the subsequent increase in the share price of both Extract and the Company, it was apparent that there was sufficient interest in the market for the Company to raise further funds. In the circumstances, the Directors considered that it was appropriate and prudent to take advantage of the opportunity that has arisen.


The Placing represents approximately 10 per cent. of the issued share capital of the Company and following Admission, the Placing Shares will represent 9.1 per cent. of the enlarged issued share capital. 

The Placing is further conditional on admission of the Placing Shares being admitted to AIM ('Admission').  It is expected that Admission will occur, and dealings in the Placing Shares will commence, at 8.00 a.m. on 15 May 2009. 

The Placing Shares will, when issued, rank pari passu in all respects with the existing issued shares of Kalahari, including the right to receive any dividends and other distributions declared following Admission. 

Under the terms of the Placing the Company has agreed to issue to the Joint Brokers 447,250 warrants each ('the Warrants') to subscribe for ordinary shares of 1 pence each in the Company ('the Ordinary Shares').  The Warrants have an exercise price of 100 pence per Ordinary Share.  The Warrants will be exercisable at any time until 1st May 2011. Following the allotment of the Placing Shares the Company will have insufficient issuance authorities to grant the Warrants and it is agreed that the Warrants will be issued conditional upon Shareholder approval. It is intended that a circular shall be sent to Shareholders shortly convening a general meeting proposing such authorities and replacing the general authority proposed at the AGM which is being fully utilised in the Placing.

* * ENDS * *

For further information please visit or contact:

Mark Hohnen

Kalahari Minerals Plc

Tel: +61 (0) 8 9389 4488

Olly Cairns

Blue Oar Securities Plc

Tel: +61 (0) 86430 1631

Andrew Raca

Blue Oar Securities Plc

Tel: +44 (0) 20 7448 4400

Richard Chase  

Ambrian Partners

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:

Information relating Kalahari

Kalahari Minerals Plc is an AIM listed mining and exploration group with a portfolio of copper, base metal and uranium interests in western and eastern central Namibia.

The Company's key investment is its current 38.68% holding in ASX and TSX listed Extract Resources. Extract's main focus is the Husab uranium project in Namibia, which contains three main prospects, Rossing South, Ida Dome and Hildenhof, and is located directly south of Rio Tinto's producing Rossing Mine.  At Rossing South, an initial resource estimate of 108 M lbs of U3O8 at a grade of 430 ppm was announced in January 2009 for Zone 1, whilst at Ida Dome, a 25.1 M lbs of U3O8 has been defined, effectively giving Extract a total resource of 133.1 M lbs.  The Zone 2 resource is expected to be announced in summer 2009, which should once again expand Extract's quantified resource base. Results from an ongoing drilling programme reinforce the Company's belief that the area has a strong potential to host a world class uranium deposit.

Kalahari's copper interests are focussed on two project areas, Dordabis and Witvlei, which are prospective for sediment hosted copper mineralisation consistent with the world class Zambian Copper Belt.  A third project, Ubib, is believed to be prospective for gold mineralisation and is located close to the operating Navachab gold mine.

The Company also has a 100% interest in the highly prospective Namib Lead Zinc Project centred on the old Namib Lead Mine, which was an underground operation from 1965 - 1992.  Previous mine studies (non JORC compliant) indicate surface tails and underground mining reserves of 1.65 million tonnes at 5.7% zinc, 1.6% lead and 40.2 g/t silver.  Kalahari aims to take the project to bankable feasibility study stage with a view to recommencing mining operations in the short term.

Information relating to Extract

Extract Resources Limited is an Australian-based uranium exploration company whose primary focus is in the African nation of Namibia.  Extract's principal asset is its 100%-owned Husab Uranium Project which contains three known uranium targets: Ida Dome; Hildenhof; and Rossing South.  Rossing South represents Extract's first new discovery in this area. Extract is listed on the ASX and the TSX under the ticker symbol 'EXT'.  For more information on Extract visit


This information is provided by RNS
The company news service from the London Stock Exchange

a d v e r t i s e m e n t