Update on Requisition to Convene a General Meeting

RNS Number : 8678J

Pathfinder Minerals Plc

04 April 2018

 

4 April 2018

Pathfinder Minerals plc

("Pathfinder" or the "Company")

Update on Requisition to Convene a General Meeting

Further to the Company's announcement on 29 March 2018, the Company has today received a notice requisitioning a general meeting of the Company's shareholders (the "Requisition"). The Board of Pathfinder Minerals has considered the Requisition with its legal advisers and determined that the Requisition received has been validly served as of today's date.

The Requisition proposes that shareholders be asked to consider resolutions to remove Nick Trew and Sir Henry Bellingham from the Board; and to appoint James Normand (a former director of the Company) and James Lumley to the Board.

The Board will convene a general meeting in accordance with the Companies Act.

Enquiries:                                                                                                        

Pathfinder Minerals Plc

Nick Trew, Chief Executive

Tel. [phone]

WH Ireland Limited (Nomad and Corporate Broker)

James Joyce or Jessica Cave

Tel. [phone]

Vigo Communications (Public Relations)

Ben Simons or Kate Rogucheva

Tel. [phone]

Email. [e-mail]

Notes to Editors:

Pathfinder Minerals Plc is incorporated in England 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

 

 

MSCEAKLLEAXPEFF