CONFINEMENT OF JOINT VENTURE DIRECTOR

Griffin Mining Limited
15 December 2023
 

 

8th Floor, Royal Trust House, 54 Jermyn Street, London. SW1Y 6LX.  United Kingdom

Telephone: + 44 (0)20 7629 7772  Facsimile:  + 44 (0)20 7629 7773

E mail: griffin@griffinmining.com

 

Confinement of Joint Venture Director

 

15th December 2023

 

Griffin Mining Ltd ("Griffin" or the "Company") has been informally notified by a member of the Supervision Committee under the Supervision Law of the Peoples Republic of China (the "Committee"), that Mr Shengchang Jin ("Mr Jin"), a director of Hebei Hua Ao Mining Industry Company Limited ("HHA"), the 88.8% owned operating subsidiary of the Company, has been placed under hotel detention whilst the Committee investigates his actions in relation to his employment as the Chief Executive Officer of Zhangjiakou Yuanrun Enterprise Management Consulting Service Co. Ltd, the minority 11.2% shareholder in HHA. The current ongoing investigations only relate to Mr Jin and do not concern HHA's operations or any relevant statutory licenses issued by the government.

 

While the investigations have not yet come to a conclusion, the investigative team has acknowledged and thanked HHA for its full cooperation to date. Nevertheless, the investigation remains ongoing and there is no certainty as to its final conclusions and if any alleged conduct by Mr Jin may in some manner have involved his time and/or efforts as a director of HHA. The Committee operates in secret and public disclosure of its findings may or may not occur at the Committee's discretion.

 

 

 

About Griffin Mining Limited 

 

Griffin Mining Limited's shares are quoted on the Alternative Investment Market (AIM) of the London Stock Exchange (symbol GFM). Griffin Mining Limited owns and operates in China, through its 88.8% owned Joint Venture stock company, the Caijiaying Zinc Gold Mine, a profitable mine producing zinc, gold, silver, and lead metals in concentrates. For more information, please visit the Company's website www.griffinmining.com.



Further information

 

Griffin Mining Limited

Mladen Ninkov - Chairman                            Telephone: +44(0)20 7629 7772

Roger Goodwin - Finance Director

 

Panmure Gordon (UK) Limited                                Telephone: +44 (0)20 7886 2500

             John Prior

             Dougie McLeod

           

Berenberg                                                                  Telephone: +44(0)20 3207 7800

            Matthew Armitt

Jennifer Lee

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014

 

Griffin Mining Limited's shares are quoted on the Alternative Investment Market (AIM) of the London Stock Exchange (symbol GFM).

 

The Company's news releases are available on the Company's web site: www.griffinmining.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings