For immediate release
25 January 2010
AfNat Resources Limited
(AfNat or the Company)
Disposal of Shareholding in Marenica Energy Limited.
AfNat, the mining company focused on developing a diversified portfolio of interests in exploration and advanced stage mining assets, announces that following a review of the Companys quoted investments, the Company has disposed of its entire shareholding in Marenica Energy Limited (ASX: MEY). AfNat retains an interest in 10,325,000 options over ordinary shares in MEY exercisable at A$0.25 per share by 30 June 2011. The net proceeds from the share disposal will be used to increase the Companys cash balance.
Enquiries:
AfNat Resources Limited
David Weill, Chairman
Tel: +44 (0) 20 7881 0180
Nominated Adviser, Seymour Pierce Limited
Nicola Marrin/Catherine Leftley
Tel: +44 (0) 20 7107 8000
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