Last checked at 7 May 2010 16:05
For immediate release
7 May 2010
Niger Uranium Limited
("Niger Uranium" or the "Company")
Result of Annual General Meeting
Special Dividend Approved
On 21 April 2010 Niger Uranium announced that the Company proposed a conditional dividend in specie of 10,912,000 Kalahari Shares. The Special Dividend was conditional, inter alia, on approval by Shareholders at the meeting of Shareholders to be held on 7 May 2010.
At the meeting held earlier today, all the resolutions were passed, including the resolution to approve the Special Dividend.
As set out in the circular to shareholders dated 21 April 2010, the timetable for the Special Dividend is as follows:
| Record Date | 6.00 p.m. 7 May 2010
|
| Date of the Special Dividend | 7.00 a.m. 10 May 2010
|
| Ex-dividend date in respect of the Special Dividend | 7.00 a.m. 10 May 2010
|
EnquiriesNiger Uranium Limited
David Weill, Chairman
Tel: +44 (0) 20 7881 0180
Nominated Adviser
Beaumont Cornish Limited
Michael Cornish
Tel: +44 (0) 207 628 3396
Appendix
The following definitions apply throughout this announcement unless the context requires otherwise:
| "Kalahari Shares" | the ordinary shares of Kalahari Minerals owned by Niger Uranium; |
| "Kalahari Minerals" | Kalahari Minerals PLC, a public company incorporated and registered in England with company number 05294388 whose registered office is at c/o South China Resources PLC 1B, 38 Jermyn Street, London SW1Y 6DN; |
| "Record Date" | The date of entitlement of Qualifying Shareholders to participate in the Special Dividend, being the close of business on 7 May 2010;
|
| "Shareholders" | holders of Ordinary Shares in the Company; |
| "Special Dividend" | the proposed dividend in specie by the Company of the Kalahari Shares to its Shareholders pro rata to their interest in the Company; |
ENDS