EZE 0.00% 6.0¢ ezenet limited

new weatherly acquisition

  1. 74 Posts.
    just released by wti......

    Weatherly International PLC
    29 November 2006

    Potential Acquisition of African Assets

    29 November 2006



    The Directors of Weatherly International plc (AIM: 'WTI', 'Weatherly' or 'the
    Company'), announce that it has entered into heads of agreement with New World
    Alloys Limited ('NWA') regarding the potential acquisition of NWA's African
    subsidiaries which hold its African assets.

    The transaction is conditional, subject to due diligence by Weatherly,
    shareholder approval by NWA and regulatory approvals as required. The
    consideration for the transaction is up to A$7,500,000 with outstanding
    liabilities of approximately US$500,000 remaining the responsibility of NWA.

    For further information please contact:


    Weatherly
    John Norris, Company Secretary 020 7917 2989

 
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