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Holding(s) in Company

18 Jun 2015 16:40

RNS Number : 6137Q
Pathfinder Minerals Plc
18 June 2015
 

 

For immediate release: 18 June 2015

 

Pathfinder Minerals Plc

("Pathfinder" or "the Company")

Holding in Company

The Company was notified on 17 June 2015 that Mr Paul Ellison and Mr Gareth Roberts, in their capacity as Joint Administrators for Hill Street Investments plc ("HSI"), are interested in 86,544,983 ordinary 1p shares in Pathfinder, representing 8.34% of the Company's total issued ordinary share capital.

 

HSI was the company through which Mr Timothy Baldwin held the majority of his interests in Pathfinder. Pathfinder is advised that HSI was placed in Administration on 10 January 2014 and thus, from that date, all its assets vested in HSI's Joint Administrators, Mr Ellison and Mr Roberts. Accordingly Mr Baldwin no longer holds a notifiable interest in the share capital of the Company.

 

Enquiries:

Pathfinder Minerals Plc

Nick Trew, Chief Executive

Tel.: +44 (0)20 3440 7775

 

WH Ireland Limited (Nomad and Broker)

Paul Shackleton

Tel.: +44 (0)20 7220 1756

 

Vigo Communications

Ben Simons or Ali Roper

Tel.: +44 (0)20 7016 9595

Email: pathfinderminerals@vigocomms.com

 

Notes to Editors:

Pathfinder Minerals Plc is incorporated in England & Wales and is admitted to trading on the AIM market of the London Stock Exchange.

Companhia Mineira de Naburi S.A.R.L., a subsidiary of Pathfinder Minerals, was issued mining concession licences 760C and 4623C on 13 September 2004 and 13 July 2011 respectively, each for a period of twenty-five years. Taken together, these mining concessions cover approximately 32,000 hectares of land on the Indian Ocean coast of the Zambezia province of Mozambique, known to contain the heavy minerals, ilmenite, rutile and zircon.

As announced on 3 February 2012, ownership of these licences is being disputed.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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