Issue of Equity

RNS Number : 0160C

Pathfinder Minerals Plc

12 October 2015

 

For immediate release: 12 October 2015

Pathfinder Minerals Plc

("Pathfinder" or "the Company")

Issue of Equity

Pathfinder announces that, following completion of the capital reorganisation approved by shareholders at the recent Annual General Meeting, an additional 723 ordinary 0.1p shares will be admitted to trading with effect from 8am on 14 October 2015.

Following admission of the new shares there will be 103,716,723 New Ordinary Shares of 0.1p each in issue. The Company does not hold any shares in Treasury and so this figure can be used by shareholders as the denominator for the calculations by which they should determine if they are required to notify their interest, or a change to their interest, in the Company under the FCA's Disclosure and Transparency Rules.

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.

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.

 

END

 

 

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