UniCredit Mandated as Sunkar's M&A advisor

SUNKAR RESOURCES PLC
("Sunkar" or the "Company")

APPOINTMENT OF ADVISOR

The Board of Sunkar is pleased to announce the appointment of Closed Joint Stock Company Unicredit Securities, Moscow  ("UniCredit Securities"), part of the UniCredit Group, as its advisor in relation to the structuring and raising of strategic equity finance to further its Chilisai phosphate fertilizer project in Kazakhstan. Initially, UniCredit will be assisting the Company in a strategic partner search and negotiations.

 

Serik Utegen, Chief Executive Officer of Sunkar, commented:

 

"We are delighted to announce the appointment of UniCredit as our adviser. With our Bankable Feasibility Study progressing well, Sunkar is at an important stage in its development. Our strategy to find a strategic partner with the capacity to move the project to the construction phase makes the appointment of an advisor of this calibre a priority marking a significant step in the project's development. UniCredit Group is a global financial institution and we rate their experience in Kazakhstan and Russia very highly." 

 

 

 

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Editors Notes

 

Sunkar Resources plc

 

Sunkar Resources plc (AIM:SKR) commenced mining following its IPO in June 2008. Sunkar's wholly owned subsidiary in Kazakhstan holds the Subsoil Use Contract to the Chilisai Phosphate Rock Deposit in NW Kazakhstan.

 

Sunkar's strategy is to build an integrated world class ammoniated phosphate fertiliser project with low operating costs.  Sunkar's low cost base derives from its near surface phosphate rock deposit, access to sulphur from the nearby Tengiz oil field and regional long-term marginal priced gas.

 

The Chilisai Phosphate Rock Deposit is ideally located on a transportation hub that spans the agricultural markets from Western Europe through to China.

 

 

Unicredit Securities

 

UniCredit Securities, a member of UniCredit Group, specializes in offering financial products and advisory services to institutional investors, large corporations and international institutions. It closely cooperates with UniCredit Bank in Moscow and with UniCredit Group's financial product experts in its hubs in Milan, Munich and London.

                        

The company provides its clients with access to Russian and international stock exchanges and is acting as a global co-ordinator, advisor and bookrunner in equity and equity-linked transactions as well as debt capital market transactions.

 

Corporate clients can rely on UniCredit Securities' corporate finance and M&A advisory services, featuring local experts on the ground and sector specialists across UniCredit Group.

 

UniCredit Securities' award-winning research team covers the local stock market in detail. It is based in Moscow, and at the same time part of UniCredit Group's global research team, granting for top standards in client advice.

 

UniCredit Group

 

UniCredit Group operates in 22 European countri-es, with more than 165,000 employees and about 9,8000 branches. UniCredit Group benefits from a strong European identity, extensive interna-tional presence and broad customer base. Its strategic position in Western and Eastern Europe allows it to have one of the region's highest market share.