Pathfinder Minerals Plc Update re Sale of IM Minerals (1106A)
22 Maggio 2023 - 8:00AM
UK Regulatory
TIDMPFP
RNS Number : 1106A
Pathfinder Minerals Plc
22 May 2023
22 May 2023
Pathfinder Minerals Plc
("Pathfinder" or the "Company")
Update re Sale of IM Minerals
Further to the announcement on 11 May 2023 regarding the
approval by shareholders of the disposal of IM Minerals Limited, a
wholly owned subsidiary of Pathfinder, to Acumen Advisory Group LLC
("AAG") (the "Disposal") and, with it, the rights to bring a claim
against the Government of Mozambique for the expropriation of
Mining Concession 4623C (the "Claim"), the Company has been
notified by solicitors acting for AAG that AAG should be ready to
complete, and therefore pay the GBP2 million due on completion,
later this week. A further announcement will be made on completion
and receipt of funds.
Enquiries:
Pathfinder Minerals Plc
Peter Taylor, Chief Executive Officer
Tel. +44 (0)20 3143 6748
Strand Hanson Limited (Nominated & Financial Adviser and
Broker)
James Spinney / Ritchie Balmer / Abigail Wennington
Tel. +44 (0)20 7409 3494
Vigo Consulting (Investor Relations)
Ben Simons / Kate Kilgallen
Tel. +44 (0)20 7390 0234
Email. pathfinderminerals@vigoconsulting.com
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
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END
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