TSX and AIM: ENM
VANCOUVER, May 14 /CNW/ - Energem Resources Inc. ("the Company") announces that it has been advised that the TSX has extended the continued listing review of the Company until March 31, 2009 by which time the Company must demonstrate that it meets all of the TSX's original listing requirements. The TSX has granted an initial deferral period until August 21, 2008 and upon satisfaction of conditions of deferral for the initial deferral period, the TSX will extend the review an additional 120 days for each deferral period until March 31, 2009.
While the Company is confident that it will be able to meet the conditions of deferral periodically as required and meet the TSX's original listing requirements by March 31, 2009, there can be no assurance that it will do so.
This news release contains forward-looking statements which address future events and conditions which are subject to various risks and uncertainties. The actual results could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: the availability of funds; the costs and availability of product; fluctuations in fuel product sale prices; currency fluctuations; changes in production costs; fluctuation in shipping costs; availability of shipping; general market and industry conditions; political and regulatory instability and risks associated with rights to title and ownership of assets.
Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
Energem Resources Inc.(TSX/AIM:ENM) is an Africa focussed company listed on the Toronto Stock Exchange and on the London Stock Exchange's AIM market and the holding company of a group of companies engaged in, mainly, several African countries in the bio-fuels, oil and related sectors including logistics and supply to the mining industry in South and Central Africa and development of an up-stream oil exploration asset. The Company has offices and/or logistics and support infrastructure in Johannesburg, London, Beijing and a number of African countries.
ContactsRob Rainey in Johannesburg at telephone +27 11 372-3300Fax +27 11 454-1673 or email: info@energem.com Refer to our website: www.energem.com Canaccord Adams Limited - Robert Finlay/Andrew Chubb
+44 207 050 6500
172.67 (1.31%)