RE: pfp2 Mar 2017 09:28
bugzy
16 Dec 2016 RNS mentioned
Pathfinder announces that it has sold all of the 11,012,000 shares formerly held by JV Consultores Internacionais Limitada for a consideration of 0.8325 pence per share, generating gross proceeds of £91,675 for the Company. The proceeds will further aid Pathfinder in pursuing the recovery of its mining licences.
The Orders for Sale were granted as a result of the Defendants' failure to comply with any of the orders for costs awarded against them in respect of the English High Court proceedings brought by Pathfinder in 2012.
As a result of the sale, the Defendants no longer hold any shares in the Company. The sale of these existing shares does not dilute the Company's issued share capital.
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no more shares to sell?