Clarification: Media Speculation Extract Resources Limited (ASX and TSX code: EXT) (“Extract” or “the Company”) notes recent media speculation concerning possible corporate activity involving Extract. Extract advises that no takeover offers have been received by the Company to date and does not wish to speculate on any actions that may, or may not, be undertaken by third parties in future.
Extract can confirm that a number of parties have contacted the Company to express potential interest in participating in the development of the Rossing South Uranium Project in Namibia.
The Company, assisted by Rothschild, continues to review the various corporate and business options aimed at bringing Rossing South into production in the most effective manner. A wide range of development options and funding alternatives are currently being evaluated but no decisions have been taken yet.
Extract shareholders will be kept informed of any further developments as they occur.
For further information, please contact
Peter McIntyre David Wood Managing Director Rothschild +61 8 9367 2111 +61 2 9323 2360
EXT Price at posting:
$6.92 Sentiment: LT Buy Disclosure: Held
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