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Message: Katanga Completes Acquisition of KOL

Katanga Completes Acquisition of KOL

posted on Sep 24, 2009 05:34PM

 

Katanga Completes Acquisition of KOL

LONDON, UNITED KINGDOM--(Marketwire - Sept. 23, 2009) -

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 (TSX: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.

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