Centamin Egypt - Publication of Prospectus
Centamin Egypt Limited ("Centamin" or the "Company") (LSE: CEY, TSX: CEE) is pleased to announce the publication of a prospectus ("Prospectus") in connection with the proposed admission of the shares of Centamin plc to the premium segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange's Main Market for listed securities (the "Admission"). Centamin plc is a Jersey incorporated company that is expected to become the parent company of Centamin on the implementation of the scheme of arrangement that was approved by Centamin shareholders on 14 December 2011 (the "Scheme").
Admission is expected to occur on or around 30 December 2011 at 8:00 a.m., the Scheme having been approved by the Supreme Court of Western Australia earlier today provided that the remaining conditions are satisfied or waived. Application has been made under Listing Rule 5.3.1, and trading in Centamin's ordinary shares is expected to be cancelled simultaneously. The ticker symbol for Centamin plc's ordinary shares will remain as CEY on the London Stock Exchange and as CEE on the Toronto Stock Exchange.
About Centamin Egypt Limited
Centamin is a mineral exploration, development and mining company that has been actively exploring in Egypt since 1995. The principal asset of Centamin is its interest in the Sukari Gold Mine, located in the Eastern Desert of Egypt. Construction at the Sukari Gold Project commenced in March 2007 with first gold being produced in June 2009.
The Sukari Gold Mine is the first large-scale modern gold mine in Egypt. Centamin's operating experience in Egypt gives it a significant first-mover advantage in acquiring and developing other gold projects in the prospective Arabian-Nubian Shield.
In 2011 Centamin acquired Sheba Exploration (UK) PLC and now has interests in four mineral licences in Ethiopia where it is conducting further exploration activities.
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