XTRACT RESOURCES PLC — Share Issue/Capital Change 2019

Oct 21, 2019

National Storage Mechanism | Additional information

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RNS Number : 6029Q

Xtract Resources plc

21 October 2019

For immediate release

21 October 2019

Xtract Resources Plc

("Xtract" or the "Company")

Kalengwa Processing Copper Project Zambia ("Kalengwa") Update

The Board of Xtract Resources Plc ("Xtract" or the "Company") announces that further to the announcement of 15 July 2019, the Company has today informed KPZ International Ltd ("KPZ") that it intends to exercise its option to act as contractor  for the  Kalengwa Processing project on the copper large scale mining license number 24401-HQ-LEL located in the central part of the Republic  of Zambia and the Company will pay KPZ UDS200,000 to be settled through the issuance of new Xtract ordinary shares ("New Shares"). A further announcement will be made as and when the New Shares are conditionally issued.

Enquiries:

Xtract Resources Plc	Colin Bird, Executive Chairman	+44 (0)20 3416 6471 www.xtractresources.com
Beaumont Cornish Limited Nominated Adviser and Joint Broker	Roland Cornish Michael Cornish Felicity Geidt	+44 (0)207628 3396 www.beaumontcornish.co.uk
Novum Securities Limited Joint Broker	Colin Rowbury	+44 (0)207 399 9427 www.novumsecurities.com

ENDS

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