African Copper PLC African Copper Plc: Withdrawal of Cautionary Announcement
07 Mars 2013 - 8:00AM
UK Regulatory
TIDMACU
African Copper Plc: Withdrawal of Cautionary Announcement
FOR: AFRICAN COPPER PLC
AIM SYMBOL: ACU
March 7, 2013
African Copper Plc: Withdrawal of Cautionary Announcement
LONDON, UNITED KINGDOM--(Marketwire - March 7, 2013) - African Copper Plc ("African Copper" or the "Company")
(AIM:ACU)(BOTSWANA:AFRICAN COPPER) draws shareholders' attention to the cautionary announcement released on RNS
on 28 February 2012, and the subsequent related cautionary announcements, wherein shareholders were advised
that the Company's majority shareholder ZCI Limited ("ZCI") had initiated a process intended to unlock value
from its investment in African Copper.
Shareholders are advised that the board of ZCI ("the Board") has elected to suspend the aforementioned process
in light of the effect of adverse global market conditions on junior mining companies and the general increased
risk aversion among investors as a result of economic uncertainty and volatility. ZCI has received a number of
proposals which the Board believes did not reflect the intrinsic value of African Copper and accordingly has
chosen not to proceed with these at this juncture.
The Board is continuing to work towards realising the full value of its investment in African Copper.
Tom Kamwendo, CEO of ZCI, commented: "ZCI remains committed to African Copper and we are very encouraged with
the operational performance and turn-around strategy which has been implemented by African Copper over the last
year. Whilst recent production has exceeded our expectations, African Copper continues to evaluate options to
enhance the output and life of its operations through increasing the confidence in its resource base and the
economic extraction thereof."
Accordingly, the cautionary announcements referred to above are hereby withdrawn. As a result, African Copper
shareholders are no longer required to exercise caution when dealing in the Company's securities.
For further information please visit www.africancopper.com.
Notes to Editors
African Copper is an AIM and Botswana listed copper producer and exploration company, currently focused on
Botswana. The Company's flagship project is the copper producing open pit Mowana Mine. ACU also owns the rights
to the adjacent Thakadu-Makala deposit. Both deposits are situated on the highly prospective Matsitama belt,
located close to Botswana's second largest city, Francistown, in the north-eastern part of the country.
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FOR FURTHER INFORMATION PLEASE CONTACT:
African Copper Plc
Brad Kipp
Chief Financial Officer
+1 (416) 847 4866
bradk@africancopper.com
www.africancopper.com
Canaccord Genuity Limited (NOMAD and Broker)
Andrew Chubb/Tarica Mpinga
+44 (0) 20 7523 8000
Tavistock Communications (PR and IR)
Simon Hudson/Kelsey Traynor
+44 (0) 20 7920 3150
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