Holding(s) in Company

RNS Number : 2029Y

Pathfinder Minerals Plc

22 January 2014

 



Embargoed: 0700hrs, 22 January 2014

Pathfinder Minerals Plc
("Pathfinder" or the "Company")

Holding in Company

Pathfinder was notified yesterday by Mr Tim Baldwin that, as a result of a sale of shares on 3 January 2014, his interest in the Company's share capital fell below 10 per cent.  Mr Baldwin is now interested in 102,678,316 ordinary shares, representing 9.9 per cent. of the Company's issued share capital.

Enquiries:

Pathfinder Minerals Plc

Nick Trew, Chief Executive

Tel. [phone]

Daniel Stewart & Company Plc

David Hart or James Thomas

Tel: [phone]

Vigo Communications

Ben Simons or Peter Reilly

Tel. [phone]

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. ("CMDN"), 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.

 

END

 

 

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