ENM Energem

 

TIDMENM 
 
RNS Number : 2898F 
Energem Resources Inc. 
08 January 2010 
 

8 January 2010 
 
 
Energem Resources Inc 
("Energem" or the "Company") 
 
 
Related Party Debt Update 
 
 
Further to the announcements of July 16, August 6, September 11, September 
22, October 22, December 9 and December 31, 2009, the Company announces that the 
funds due to it by certain related party debtors, amounting to approximately 
US$63.5 million in total (being the principal amount of US$54.0 million, due on 
December 31, 2008, plus further charges and accrued interest of US$9.5 million 
to date) (the "Funds") have still not been paid. 
 
 
Whilst the Company is still confident that it will receive the Funds in full, it 
can no longer guarantee that it will be in a position to finalise the Company's 
annual accounts for the year ended 31 December 2008 and interim report for the 
six months ended 30 June 2009 and related documents (together "the Accounts") by 
January 15, 2010. 
 
 
As stated in the announcement of December 31, 2009, the Company's AIM securities 
will remain suspended until the Accounts are published and sent to shareholders. 
 
 
The Company will provide a further update in due course. 
 
 
For further information contact: 
 
 
+--------------------------------------+---------------------------------------+ 
| Energem Resources Inc                |                 Tel: +44 20 7201 9620 | 
| Rob Rainey                           |                                       | 
|                                      |                                       | 
+--------------------------------------+---------------------------------------+ 
| Strand Hanson Limited                |                 Tel: +44 20 7409 3494 | 
| Stuart Faulkner / Richard Tulloch    |                                       | 
|                                      |                                       | 
+--------------------------------------+---------------------------------------+ 
| Smithfield                           |                 Tel: +44 20 7360 4900 | 
| Reg Hoare / Will Henderson           |                                       | 
+--------------------------------------+---------------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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