ENK ENK

TIDMENK

RNS Number : 9163G

ENK PLC

04 July 2012

SALE OF INTEREST IN BERONG NICKEL CORPORATION

4 July 2012 - ENK plc ("ENK" or the "Company") (AIM, PLUS, ASX: ENK) is pleased to advise that, in accordance with the terms of the Berong Nickel Corporation Shareholders Agreement ('SA'), Toledo Mining Corporation plc ('Toledo') has exercised its pre-emptive rights in respect of the sale of ENK's 18.7% interest in Berong Nickel Corporation ('BNC'). The other shareholder of BNC, Atlas Consolidated Mining Corporation did not exercise its pre-emptive rights in accordance with the SA.

In accordance with the terms of the SA, the Company has received a non-refundable deposit from Toledo of US$655,200, being 10% of the purchase price of ENK's BNC interest. The balance of the US$6,552,000 purchase price, being US$5,896,800, is due by no later than 30 December 2012.

END

For more information or to view a copy of this document, please visit www.enk.co.uk or contact:

Mark Hanlon, Finance Director, ENK Tel: +61 (0)8 9226 1111

Robert Gregory, Managing Director, ENK Tel: +63 917 513 4970

Chris Sim or Neil Elliot, Investec Tel: +44 (0)20 7597 5970

   Tim Blythe or Robert Kellner, Blythe Weigh Communications                   Tel: +44 20 7138 3204 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCBKQDBBBKDKOK

Grafico Azioni European Nickel (LSE:ENK)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni European Nickel (LSE:ENK)
Storico
Da Giu 2023 a Giu 2024