Minco PLC Legal claim against Minco dismissed by High Court (2315R)
March 07 2016 - 3:45AM
UK Regulatory
TIDMMIO
RNS Number : 2315R
Minco PLC
07 March 2016
LEGAL CLAIM AGAINST MINCO DISMISSED BY HIGH COURT
London, 7 March, 2016 - Minco Plc (AIM - "MIO") ("Minco" or the
"Company") reports that the legal claim which had been taken
against Minco and two of its directors has been dismissed by the
English High Court.
The claim had been made in November 2013 against the Company and
two of its directors, Terence McKillen and Danesh Varma, by John
Bennington Sears of Maidenhead, England and Sippdeal Trustees
Limited of Chester Road, Manchester, England claiming damages for
alleged misrepresentation.
The legal case was heard over a period of ten days in the High
Court of Justice, Chancery Division, and in a Judgement delivered
on March 4, 2016 the claim was dismissed.
ABOUT MINCO PLC
Minco PLC incorporated in the Republic of Ireland and listed on
the AIM Market of the London Stock Exchange ("MIO"), is an
exploration and development company currently engaged in zinc-lead
exploration in Canada, the United Kingdom and Ireland, and is also
evaluating its Woodstock manganese project in New Brunswick,
Canada.
Minco also holds an approximate 26% shareholding in Xtierra
Inc., (TSXV- "XAG"), which holds mineral properties in Mexico, and
a 2% NSR royalty on the Curraghinalt gold property in Northern
Ireland, currently being explored by Dalradian Resources Inc.
(TSX-"DNA").
For further information contact:
John F. Kearney: Chairman
and CEO +1 416 362 66686
Danesh Varma: CFO & Company
Secretary +44 (0) 8452 606 034
Peter McParland: Director
- Ireland +353 (0) 46 907 3709
John Frain: Davy (NOMAD) +353 (0)1 6796363
Saif Janjua: (Corporate Advisor)
(Broker, Beaufort Securities) +44 (0) 20 7382 8415
This information is provided by RNS
The company news service from the London Stock Exchange
END
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March 07, 2016 03:45 ET (08:45 GMT)
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