Celamin Holdings Ltd Stock Market Press Releases and Company Profile
Celamin Holdings NL (ASX:CNL) Updated Schedule for Acquisition of Celamin Limited
Celamin Holdings NL (ASX:CNL) Updated Schedule for Acquisition of Celamin Limited

Melbourne, Dec 23, 2011 AEST (ABN Newswire) - Celamin Holdings NL (googlechartASX:CNL) wishes to advise of an updated schedule for the completion of the acquisition of the remaining 90% of Celamin Limited (which holds the North African phosphate & base metals assets) by the company (the acquisition).

The updated schedule reflects the request from the independent valuer for additional information to be incorporated into the valuation. This information includes historic and recent data. This information is being supplied and will be incorporated into the reports.

As a result of this additional work the indicative timetable is as follows:

Indicative Timetable

Dispatch of Notice of Meeting: 1 March 2012
Shares suspended from Trading: 29 March 2012
Shareholder Meeting: 29 March 2012
Issue of Prospectus: 12 April 2012
Close Prospectus: 30 April 2012
Issue Shares under Prospectus: 2 May 2012
Despatch Date: 2 May 2012
Completion of Acquisition: 2 May 2012
ASX Trading Resumes: 9 May 2012

Further information in relation to the project acquisition will be provided to shareholders in the notice of meeting and explanatory statement to be sent to shareholders.

In the interim, Celamin Limited will continue with the assessment of the two flagship phosphate projects Chaketma and Bir El Afou. By the second calendar half of next year, Celamin Limited plans to begin a bankable feasibility study (BFS) on the project that indicates the greatest overall potential.


David Regan
Executive Director
Celamin Holdings NL
Phone: +61-3-9692-7222

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