Requisition to convene a General Meeting (3491X)
February 14 2012 - 2:00AM
UK Regulatory
TIDMPFP
RNS Number : 3491X
Pathfinder Minerals PLC
14 February 2012
Embargoed: 0700hrs 14 February 2012
Pathfinder Minerals Plc
("Pathfinder Minerals" or the "Company")
Requisition to convene a General Meeting
The Board of Pathfinder Minerals has received a notice on behalf
of J.V. Consultores Internacionais Limitada (an entity controlled
by General Veloso) and Mr Diogo Cavaco (the "Requisitioners"),
requisitioning a general meeting of the Company's shareholders (the
"Requisition"). The Requisition proposes that shareholders be asked
to consider resolutions appointing an independent accountant
nominated by the Requisitioners to carry out a review of the
Company's affairs.
The Company will comply with its obligations under the Companies
Act and, subject to establishing the validity of the Requisition,
will convene a general meeting.
Enquiries:
Pathfinder Minerals Plc
Nick Trew, Chief Executive
Tel. +44 (0)20 7399 4371
Daniel Stewart & Company Plc
Paul Shackleton or James Thomas
Tel: +44 (0)20 7776 6550
M: Communications
Ben Simons or Maria Souvorov
Tel: +44 (0)20 7920 2340 /2327
Notes to Editors
Companhia Mineira de Naburi S.A.R.L ("CMDN"), a subsidiary of
Pathfinder Minerals, was issued mining concession licence 4623C
("Moebase") on 13 July 2011 for a period of twenty-five years. The
Moebase licence is in addition to licence 760C ("Naburi"), also
granted in the name of CMDN for a period of 25 years ending in
2029. 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.
Pathfinder Minerals Plc is admitted to trading on the AIM market
of the London Stock Exchange. Trading was suspended on 11 November
2011 at the Company's request, following notification from General
Veloso of his resignation as a director and assertions by him that
CMDN is no longer the licence holder. The Company's ownership
rights over CMDN are also in dispute and are the subject of
injunctive steps in Mozambique and the UK.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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