Kalahari Minerals plc, the AIM listed resource company, with uranium, gold and base metal interests in Namibia, announces that, further to Extract Resources Limited's (`Extract') announcement on 4 November 2009, regarding the conversion of 5,200,000 warrants to Ordinary Shares, Extract has a total of 242,460,636 Ordinary Shares in issue.
Following active buying in the open market to avoid dilution, post Extract's share and warrant placing, announced on 25 August 2009, Kalahari has pro-actively sought to maintain and increase its shareholding in Extract, underlining its support and belief in Extract's portfolio, particularly in the Rossing South Project.
Indeed, Kalahari is pleased to report that its current interest of 98,018,911 Ordinary Shares in Extract, represents 40.43% of Extract's enlarged issued share capital.
EXT Price at posting:
$8.68 Sentiment: Hold Disclosure: Held
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