7 Mar 2016 08:45
LEGAL CLAIM AGAINST MINCO DISMISSED BY HIGH COURT
London, 7 March, 2016 - Minco Plc (AIM - "MIO") ("Minco" or the "Company") reports that the legal claim which had been taken against Minco and two of its directors has been dismissed by the English High Court.
The claim had been made in November 2013 against the Company and two of its directors, Terence McKillen and Danesh Varma, by John Bennington Sears of Maidenhead, England and Sippdeal Trustees Limited of Chester Road, Manchester, England claiming damages for alleged misrepresentation.
The legal case was heard over a period of ten days in the High Court of Justice, Chancery Division, and in a Judgement delivered on March 4, 2016 the claim was dismissed.
ABOUT MINCO PLC
Minco PLC incorporated in the Republic of Ireland and listed on the AIM Market of the London Stock Exchange ("MIO"), is an exploration and development company currently engaged in zinc-lead exploration in Canada, the United Kingdom and Ireland, and is also evaluating its Woodstock manganese project in New Brunswick, Canada.
Minco also holds an approximate 26% shareholding in Xtierra Inc., (TSXV- "XAG"), which holds mineral properties in Mexico, and a 2% NSR royalty on the Curraghinalt gold property in Northern Ireland, currently being explored by Dalradian Resources Inc. (TSX-"DNA").
For further information contact:
John F. Kearney: Chairman and CEO | +1 416 362 66686 |
Danesh Varma: CFO & Company Secretary | +44 (0) 8452 606 034 |
Peter McParland: Director - Ireland | +353 (0) 46 907 3709 |
John Frain: Davy (NOMAD) | +353 (0)1 6796363 |
Saif Janjua: (Corporate Advisor) (Broker, Beaufort Securities) | +44 (0) 20 7382 8415 |