Holding(s) in Company

RNS Number : 6137Q

Pathfinder Minerals Plc

18 June 2015

 

For immediate release: 18 June 2015

Pathfinder Minerals Plc

("Pathfinder" or "the Company")

Holding in Company

The Company was notified on 17 June 2015 that Mr Paul Ellison and Mr Gareth Roberts, in their capacity as Joint Administrators for Hill Street Investments plc ("HSI"), are interested in 86,544,983 ordinary 1p shares in Pathfinder, representing 8.34% of the Company's total issued ordinary share capital.

HSI was the company through which Mr Timothy Baldwin held the majority of his interests in Pathfinder. Pathfinder is advised that HSI was placed in Administration on 10 January 2014 and thus, from that date, all its assets vested in HSI's Joint Administrators, Mr Ellison and Mr Roberts. Accordingly Mr Baldwin no longer holds a notifiable interest in the share capital of the Company.

Enquiries:

Pathfinder Minerals Plc

Nick Trew, Chief Executive

Tel.: [phone]

WH Ireland Limited (Nomad and Broker)

Paul Shackleton

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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