Receipt of Termination Notice


 

TIDMZRL 
 
RNS Number : 6660O 
Zambezi Resources Ltd 
11 March 2009 
 

11 March 2009 
Zambezi Resources Limited 
 
 
RECEIPT OF TERMINATION NOTICE 
 
 
Zambezi Resources Limited ("Zambezi" or the "Company") (AIM:ZRL; ASX:ZRL) 
announces that the  Company  today received a notice from Astron Ltd ("Astron") 
purporting to terminate the subscription agreement  dated  28 January 2009 
between the Company and Astron for the issue of 171,000,000 shares at 2 cents 
per share, which was the subject of resolution 3 at the Company's general 
meeting held on 9 March 2009.  Zambezi regards the notice received from Astron 
as a repudiation of the subscription agreement. 
 
 
Zambezi remains ready and willing and able to complete pursuant to the 
subscription agreement. 
 
 
Accordingly, Zambezi has requested the ASX grant a suspension of the Company's 
securities pursuant to the ASX listing rules pending resolution or clarification 
of the dispute. Zambezi is not aware of any reason why the securities should not 
be suspended. 
 
 
The Company's shares remain suspended from trading on AIM. 
 
 
 
 
 
 
 
 
For Further Information please contact: 
 
 
+---------------------------+--------------------------------+ 
| Julian Ford, Managing     | Simon Edwards / Adam Lloyd     | 
| Director                  | Evolution Securities Ltd       | 
| Zambezi Resources         | + 44 20 7071 4300              | 
| (Australia)               |                                | 
| +61 (08) 9216 9000        |                                | 
| +61 (0) 418 949 580       |                                | 
|                           |                                | 
+---------------------------+--------------------------------+ 
| Fiona Owen                |                                | 
| Grant Thornton UK LLP     |                                | 
| +44 20 7383 5100          |                                | 
|                           |                                | 
+---------------------------+--------------------------------+ 
 
 
 
 
 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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