Temporary Suspension

RNS Number : 0914P

Pathfinder Minerals Plc

19 October 2012

 



Pathfinder Minerals Plc

("Pathfinder Minerals" or "the Company")

Temporary Suspension Pending Result of Court Judgment

Pathfinder Minerals has today requested that its shares be temporarily suspended from trading on AIM pending a High Court judgment (to be handed down around 10.00am today) on the issue of whether the Company validly acquired its 99.99% interest in Mozambique subsidiary, Companhia Mineira de Naburi S.A.R.L. An announcement in relation to this judgment will be published as soon as possible after judgment has been handed down by the High Court.

Enquiries:

Pathfinder Minerals Plc

Nick Trew, Chief Executive

Tel. [phone]

Daniel Stewart & Company Plc

David Hart or James Thomas

Tel: [phone]

M: Communications

Ben Simons or Maria Souvorov

Tel: [phone] /2327

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.

 

END

 

 

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