NKR Nikanor

RNS Number:2492L
Nikanor Plc
08 January 2008

8 January 2008



                   NOTICE OF APPLICATION FOR ADMISSION TO AIM



Further to the notice of EGM posted on 6 December 2007 (the "EGM Notice"), the
Directors of Nikanor PLC (LSE: NKR) (the "Company"), wish to announce that the
Company has submitted an application for admission to AIM of 206,550,000
ordinary shares of US$5.74829097070927 each.


This is in connection with the proposed allotment and bonus issue of
118,524,400,000 new ordinary shares in the Company (the "New Shares") to holders
of ordinary shares in the register of members of the Company as at 6.00 p.m. on
10 January 2008 (the "Existing Nikanor Shares") and the subsequent consolidation
of every 573.829097070927 New Shares with one issued Existing Nikanor Share into
one consolidated ordinary share of US$5.74829097070927 and every
574.829097070927 unissued shares of US$0.01 in the capital of the Issuer into
one consolidated ordinary share of US$5.74829097070927, as set out in the EGM
Notice.


Dealings in the ordinary shares of US$5.74829097070927 each in the capital of
the Company are expected to commence on 11 January 2008.


Following this consolidation, shareholders will each hold the same number of
consolidated Nikanor shares as the number of Existing Nikanor Shares currently
held and will each own the same proportion of Nikanor as they do now.




For further information, please contact:


Nikanor PLC                                                 +44  (0)20 7529 5800
Jonathan Leslie, Executive Chairman
Peter Sydney-Smith, Finance Director
Richard Boorman, Head of Investor Relations



JPMorgan Cazenove                                            +44 (0)20 7588 2828
Ian Hannam
Adam Brett
Joe Seifert



Citigate Dewe Rogerson                                       +44 (0)20 7638 9571
Kate Delahunty
George Cazenove



Notes to Editors

Nikanor is a mining group which owns assets in the heart of the African
copperbelt in the Democratic Republic of Congo. The group's key mine is KOV,
containing one of the world's largest high quality copper and cobalt ore bodies.
Nikanor is rehabilitating this proven and well documented brownfield site and
building a major state of the art refining plant to produce 250,000 tonnes per
year of LME A-grade copper cathode and 27,500 tonnes per year of cobalt
products.



Nikanor was admitted to the London Stock Exchange (AIM) on 17 July 2006.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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