Pathfinder Minerals Plc Update - Recognition of English court costs orders (9126X)
September 02 2015 - 12:31PM
UK Regulatory
TIDMPFP
RNS Number : 9126X
Pathfinder Minerals Plc
02 September 2015
For immediate release: 2 September 2015
Pathfinder Minerals Plc
("Pathfinder" or the "Company")
Update Re. application for recognition of English court costs
orders
Pathfinder announced on 30 June 2015 that it had asked
Mozambique's Supreme Court for permission to appeal against its
rejection (announced on 31 December 2014) of the Company's
application for recognition of orders by the English court for
costs aggregating GBP106,000 to be paid by General Jacinto Veloso,
Diogo Cavaco and General Veloso's company, JV Consultores
Internacionais, Limitada.
The Company is awaiting a full translation of the Supreme
Court's response to the Company's request but is advised by its
lawyers in Mozambique that the Supreme Court has refused the
Company permission to appeal against its decision.
Enquiries:
Pathfinder Minerals Plc
Nick Trew, Chief Executive
Tel. +44 (0)20 3440 7775
WH Ireland Limited (Nomad and Broker)
Paul Shackleton or Mark Leonard
Tel. +44 (0)20 7220 1666
Vigo Communications
Ben Simons or Ali Roper
Tel. +44 (0)20 7016 9595
Email. pathfinderminerals@vigocomms.com
Notes to Editors:
Pathfinder Minerals Plc is incorporated in England & Wales
and is admitted to trading on the AIM market of the London Stock
Exchange.
Companhia Mineira de Naburi S.A.R.L., a subsidiary of Pathfinder
Minerals, was issued mining concession licences 760C and 4623C on
13 September 2004 and 13 July 2011 respectively, each for a period
of twenty-five years. Taken together, these mining concessions
cover approximately 32,000 hectares of land on the Indian Ocean
coast of the Zambezia province of Mozambique, known to contain the
heavy minerals, ilmenite, rutile and zircon.
As announced on 3 February 2012, ownership of these licences is
being disputed.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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