7 Feb 2018 15:52
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