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And again:
RNS Number : 2898F
Energem Resources Inc.
08 January 2010
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8 January 2010
Energem Resources Inc
("Energem" or the "Company")
Related Party Debt Update
Further to the announcements of July 16, August 6, September 11, September
22, October 22, December 9 and December 31, 2009, the Company announces that the
funds due to it by certain related party debtors, amounting to approximately
US$63.5 million in total (being the principal amount of US$54.0 million, due on
December 31, 2008, plus further charges and accrued interest of US$9.5 million
to date) (the "Funds") have still not been paid.
Whilst the Company is still confident that it will receive the Funds in full, it
can no longer guarantee that it will be in a position to finalise the Company's
annual accounts for the year ended 31 December 2008 and interim report for the
six months ended 30 June 2009 and related documents (together "the Accounts") by
January 15, 2010.
As stated in the announcement of December 31, 2009, the Company's AIM securities
will remain suspended until the Accounts are published and sent to shareholders.
The Company will provide a further update in due course.
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