Katanga Completes Acquisition of KOL 9:24 AM ET, September 23, 2009
LONDON, UNITED KINGDOM, Sep 23, 2009 (Marketwire via COMTEX) -- NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Further to its press release of August 28, 2009, Katanga Mining Limited (KAT) ("Katanga" or the "Company") today announced that it has completed the acquisition of Kamoto Operating Limited ("KOL"). Katanga acquired the entire issued share capital of KOL from Wayland Management SA and Tain Holdings Limited by issuing an aggregate of 12,000,000 common shares and by making a cash payment in the aggregate amount of USD 1,600,000. About Katanga Mining Limited Katanga Mining Limited operates a major mine complex in the Democratic Republic of Congo producing refined copper and cobalt. The company has the potential to become Africa's largest copper producer and the world's largest cobalt producer. Katanga is listed on the Toronto Stock Exchange under the symbol KAT. SOURCE: Katanga Mining Limited Katanga Mining Limited Steven Isaacs Interim CEO +44 (0) 207 440 5824 Katanga Mining Limited Nick Brodie CFO +44 (0) 7983 447 775 Katanga Mining Limited Varshan Gokool Director, Finance +44 (0) 20 7440 5848 http://www.katangamining.com/kat/media/newsreleases/news2009/2009-09-23/ |