Holding(s) in Company

RNS Number : 1909T

Pathfinder Minerals Plc

24 March 2016

 

Pathfinder Minerals Plc

("Pathfinder" or "the Company")

Holdings in Company

The Company announces that, in the Subscription announced on 17 March 2016, Mr John Clarke and Mr Roger Clarke each subscribed for 6,006,006 Ordinary Shares in the Company at the subscription price of 0.8325p per share. Admission of the new Ordinary Shares took place on 22 March 2016 and accordingly both Mr John Clarke and Mr Roger Clarke are now each interested in 6,626,006 Ordinary Shares in the Company, representing 5.19% each of the issued share capital of the Company.

Ends

Enquiries:

Pathfinder Minerals Plc

Nick Trew, Chief Executive

Tel. [phone]

WH Ireland Limited (Nomad and Broker)

Paul Shackleton or Mark Leonard

Tel. [phone]

Vigo Communications

Ben Simons or Ali Roper

Tel. [phone]

Email. [e-mail]

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.

CMdN, a subsidiary of Pathfinder, 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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