BRM Brinkley Mining

    RNS Number : 6153K
  Brinkley Mining PLC
  22 December 2008
   

    For immediate release
    22 December 2008
    Brinkley Mining Plc 
    ("Brinkley" or the "Company")
    Result of General Meeting of Shareholders

    The Board of Brinkley is pleased to announce that the resolutions to approve the disposal of the Company's Nigerien uranium interests
(the "Disposal") and the new investing strategy were approved earlier today at the general meeting of shareholders and the Disposal has now
been completed. The Company has now become an investing company under the AIM Rules. The Company's investing strategy, which was approved by
shareholders, is set out below.
    Investment Strategy
    Brinkley's strategy is to acquire holdings in natural resources, minerals and/or metals companies and/or assets which the Directors
believe are undervalued and where such transaction(s) has the potential to create value for Shareholders. The Company expects to be an
active investor but it will depend on the terms of each transaction.
    Brinkley will seek to acquire interests in natural resources, minerals and/or metals projects such as (without limit) exploration
permits and licences, mining and production licences or processing and development projects, which may be achieved through acquisitions,
partnerships or joint venture arrangements. Such investments may result in Brinkley acquiring the whole or part of a company or project.
Brinkley's investments may take the form of equity, joint venture debt, convertible instruments, licence rights, or other financial
instruments as the Directors deem appropriate.
    The Directors believe that their broad collective experience in the areas of natural resources, acquisitions, accounting, corporate and
financial management together with the opinion of consultant experts in the evaluation and exploitation of natural resources, minerals or
metals projects, which will assist them in the identification and evaluation of suitable opportunities, will enable the Company to achieve
its objectives. Where the Directors consider it necessary, internationally recognised competent persons will be commissioned to prepare
reports on the projects being considered by the Company. The Directors may undertake the initial project assessments themselves with
additional independent technical advice as required.
    There is no limit on the number of projects into which the Company may invest, and the Company will consider possible opportunities
anywhere in the World. The Directors are currently reviewing potential investment and acquisition opportunities in line with Brinkley's
strategy but are not, at this stage, engaged in any due diligence exercise nor have entered nor are negotiating any firm commitment in
connection with any investments or acquisitions.
    The Company will have to make an acquisition or acquisitions which constitute a reverse takeover under the AIM Rules or otherwise
implement its Investment Strategy by 21 December 2009 failing which, the Company's Ordinary Shares would then be suspended from trading on
AIM. If the Company's Investment Strategy has not been implemented by 21 June 2010 the admission to trading on AIM of the Company's Ordinary
Shares would be cancelled and the Directors will convene a general meeting of the Shareholders to consider whether to continue seeking
investment opportunities or to wind up the Company and distribute any surplus cash back to Shareholders.
 For further information, please contact:
 Brinkley Mining Plc                                                    
 Dunbar Dales, Chief Executive Officer         Tel: +27 (0) 83 258 9062
  
  
 Beaumont Cornish Limited (Nominated Adviser)                           
 Michael Cornish                               Tel: +44 (0) 20 7628 3396

    ENDS

This information is provided by RNS
The company news service from the London Stock Exchange
 
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