Zeehan Zinc Seeks Listing on the AIM with GBP 10M Capital Raise.LENEXA, Kan. -- Empire Energy Corporation International (Empire) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :EEGC) announces Zeehan Zinc Limited (ZZL ZZL Zarzadzanie Zasobami Ludzkimi (Polish: Human Resources Management; bimonthly publication; Institute of Labor and Social Studies) ) has engaged law firm Atlantic Law LLP LLP - Lower Layer Protocol to facilitate the listing of ZZL on the Alternative Investment Market (AIM) of the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. . Empire holds a 37.5% interest in ZZL through a subsidiary. This action follows the completion and tabling of several resource reports, including a compiled summary by the prestigious Anderson & Schwab Australia Limited, that nominated a valuation of the ZZL mineral assets between AU $112.4 million and AU $190.1 million, (US $83 million to US $140 million). Pre-IPO funding by way of private placements is being sought and is planned to finance the project until the listing is finalized. Initial plans are for the production of concentrate for processing by the plant within the region and in close proximity to the mine. The key mining lease assets of ZZL are currently being reviewed by Mineral Resources Noun 1. mineral resources - natural resources in the form of minerals natural resource, natural resources - resources (actual and potential) supplied by nature Tasmania (MRT MRT, n manual resistance technique, a treatment method used during the acute and recovery phases to relieve pain and rehabilitate the body's tissues and muscles. ) for renewal. The Chairman of Empire, Keith W. Laing, attended a meeting with the MRT in Hobart, Tasmania, earlier this month and is confident in the anticipation that these key leases will be renewed early 2006. Exploration licenses EL20/2002 and EL30/2002, within which we have defined two potential economic deposits, the Oceana and the Mariposa, are currently being assessed as potential resources to feed the Comstock mill. The Exploration Licenses, owned by ZZ Exploration Pty Ltd PTY LTD Propriety Limited (company structure in Australia) , a subsidiary of ZZL, are subject to arbitration between Mineral Resources Tasmania on the basis of expenditure and recent report findings and will be listed for hearing early next year. The AIM listing is expected to be achieved by late March 2006. This press release contained forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. based on our current expectations about our company and our industry. You can identify these forward-looking statements when you see us using the words such as "expect," "anticipate," "estimate," "believes," "plans" and other similar expressions. These forward-looking statements involve risks and uncertainties. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of our ability to complete required financings and other preconditions to the completion of the transactions described herein and ZZL's ability to successfully acquire reserves and produce its resources among other issues. We undertake no obligation to publicly update any forward-looking statements for any reason, even if new information becomes available or other events occur in the future. We caution you not to place undue reliance on those statements. |
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