RE: RNS1 Jun 2023 19:10
Do you guys read these?
https://www.lse.co.uk/rns/PFP/update-re-sale-of-im-minerals-cny4655qtsd4aww.html
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,(aag solicitors are ready? and wonder why delay?(should be lawyers)) and therefore pay the £2 million due on completion, later this week. A further announcement will be made on completion and receipt of funds.
https://www.lse.co.uk/rns/PFP/update-re-sale-of-im-minerals-8jtjdx1yr6ysyg9.html
Further to the Company's announcements on 11 and 21 May 2023 regarding the disposal of IM Minerals Limited, a wholly owned subsidiary of Pathfinder, to Acumen Advisory Group LLC and, with it, the rights to bring a claim against the Government of Mozambique for the expropriation of Mining Concession 4623C, the Company confirms that it continues to expect the £2 million initial consideration to be received imminently following the completion of all due regulatory procedures(problems reguatory?)(or legal?). A further announcement will be made once the Company has received the funds.