BMR Group PLC

Update concerning termination of Mining Right

RNS Number : 2299E
BMR Group PLC
07 February 2018
 

BMR Group PLC

("BMR", the "Group" or the "Company")

Update concerning termination of Mining Right No. 7081-HQ-SML

Further to its announcement earlier today, BMR now understands that it has the right of appeal against the Mining Cadastre Department of Zambia termination notice for 30 days from 6 February 2018. As previously announced, BMR intends to exercise this right as soon as practicable.

BMR notes the announcement earlier today by Jubilee Metals Group PLC, which  has invested in a joint venture with BMR for the development of the Kabwe project and has a 29.01% interest in the issued share capital of BMR. BMR is appreciative of its support in resolving this matter.

Further announcements will be issued as appropriate. The suspension of trading remains in place until further notice.

For further information:

BMR Group PLC 020 7734 7282

Alex Borrelli, CEO and Chairman

WH Ireland Limited 020 7220 1666  

NOMAD and Joint Broker

Chris Fielding/ Alex Bond

Peterhouse Corporate Finance 020 7469 0930

Joint Broker

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUGUUAPUPRGAM