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Energem Resources Inc - Announces listing on the London Stock Exchange - Alternative Investment Market (AIM)
VANCOUVER, Nov. 28,2007 - Energem Resources Inc ("Energem" or "the Company") is pleased to announce that it has been listed on the London StockExchange AIM and is trading under the symbol ENM. The following announcementwas made in London on November 26, 2007.
Energem Resources Inc., ("Energem" or the "Company"), (AIM/TSX:ENM) an energy and biofuels company primarily engaged in the African energy sector, is pleased to announce that its common share capital has been introduced to trading on the AIM market of the London Stock Exchange plc ("AIM") and dealings will commence at 08.00 GMT today. The common shares are already listed, and will continue to be so, on the Toronto Stock Exchange ("TSX").
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(*)Jatropha is an inedible plant which grows year round in difficult and arid environments and its seeds can be pressed to obtain a crude oil from which biodiesel can be produced. Land acquired and identified by the Company for cultivation is not suitable for ordinary farming, does not involve de-forestation, extensive clearing or replacement of existing food crops.
Commenting on the introduction to AIM, Brian Menell, Chairman of Energem said: "We are delighted to complete our introduction to AIM. This represents the successful culmination of a transformation to focus our activities into three core areas, Mid-Stream Oil, Biofuels and Trading and Logistics, whilst disposing of certain non-core mining and up-stream oil and gas assets. We have chosen AIM and London as we believe that its institutional investor and investment banking community has significant knowledge and experience of the resources markets, renewable energy markets and emerging African markets in which Energem operates." "Oil prices are expected to remain high whilst, at the same time, the pressure to reduce dependency on carbon-based and non-renewable sources of energy is likely to increase. This pressure is expected to develop the biofuels market in which the Group is now focussed, with African countries acting as both consumers (Kenya) and exporters (Mozambique)."
For more information please visit: www.energem.com
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Disclaimer:
This announcement is for information purposes only and does not constitute an offer to sell or invitation to purchase any securities or the solicitation of any vote for approval in any jurisdiction, nor shall there be any sale, issue or transfer of the securities referred to in this announcement in any jurisdiction in contravention of applicable law. Canaccord Adams Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Energem and no one else in connection with the Introduction and this announcement and will not be responsible to anyone other than Energem for providing the protections afforded to clients of Canaccord Adams Limited or for providing advice in relation to the Introduction or the content of, or any matter or arrangement referred to, in this announcement. This announcement has been prepared in accordance with English law and information disclosed may not be the same as that which would have been disclosed had this announcement been prepared in accordance with the laws of any jurisdiction outside England. The distribution of this announcement in jurisdictions other than the United Kingdom may be affected by the laws of relevant jurisdictions. Therefore any persons who are subject to the laws of any jurisdiction other than the United Kingdom will need to inform themselves about, and observe, any applicable requirements.
This announcement contains statements about Energem that are or may be forward looking statements. All statements other than statements of historical facts included in this announcement, including (without limitation) those regarding Energem's financial position, business strategy, plans and objectives of management for future operations or statements relating to expectation in relation to dividends, returns or any statements preceded by, followed by or that include the words "targets", "believes", "expects", "aims", "intends", "plans", "will", "may", "anticipates", "would", "could" or similar expression or their negative, are forward-looking statements. Those forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond Energem's control that could cause the actual results, performance, achievement or dividends paid by the Company to be materially different from any future results, performance or achievements or dividend payments expressed or implied by such forward-looking statements. Those forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. These forward-looking statements speak only as of the date of this announcement. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this announcement or to reflect any change in the Company's expectations with regard to these, any new information or any change in events, or any conditions or circumstances on which any such statements are based, unless required to do so by the AIM Rules or any other regulations to which it is subject.
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For more information please contact:
Brian Menell, Executive Chairman Or
Jimmy Kanakakis, Chief Executive Officer
Phone No: 020 7201 9620
Robert Rainey, Chief Financial Officer
Phone No: 27-11-372-3300
Fax No: 27-11-454-1673
Email: info@energem.com
Smithfield Consultants
Reg Hoare Or
Christopher Chew Or
George Hudson
Phone No: 020 7360 4900
Canaccord Adams Ltd.
Robert Finlay Or
Chris Bowman
Phone No: 020 7050 6500
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