Business
Update re Sale of IM Minerals
Update re Sale of IM Minerals.
About this update from Rome Resources Plc
[{"type":"text","content":"\n\n14 June 2023\n \nPathfinder Minerals Plc\n(\"Pathfinder\" or the \"Company\")\n \nUpdate re Sale of IM Minerals\n \nFurther to the Company's announcements during May 2023 regarding the disposal of IM Minerals Limited, a wholly owned subsidiary of Pathfinder, to Acumen Advisory Group LLC (\"AAG\") and, with it, the rights to bring a claim against the Government of Mozambique for the expropriation of Mining Concession 4623C, Pathfinder has been advised by AAG that AAG's UK legal counsel (\"AAG Counsel\") has received approximately £1.1 million into its client account.\n \nThese funds are being held to order by AAG Counsel and, together with additional funds which are expected to be received into AAG Counsel's client account in due course, will be used to satisfy the initial consideration payable by AAG to Pathfinder pursuant to the sale and purchase agreement, and therefore facilitate completion of the disposal. A further announcement will be made as and when appropriate.\n \nEnquiries:\n \nPathfinder Minerals Plc\nPeter Taylor, Chief Executive Officer\nTel. +44 (0)20 3143 6748\n \nStrand Hanson Limited (Nominated & Financial Adviser and Broker)\nJames Spinney / Ritchie Balmer / Abigail Wennington\nTel. +44 (0)20 7409 3494\n \nVigo Consulting (Investor Relations)\nBen Simons / Kate Kilgallen\nTel. +44 (0)20 7390 0234\nEmail. [email protected]\n \nThe 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\").\n \n\n","length":2917,"tagName":"div"}]