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Response to Media Speculation

13 Jun 2016 13:16

RNS Number : 0207B
Sable Mining Africa Limited
13 June 2016
 

Sable Mining Africa Ltd / Index: AIM / Epic: SBLM / Sector: Natural Resources

 

13 June 2016

Sable Mining Africa Limited ('Sable Mining' or 'the Company')

 

RESPONSE TO MEDIA SPECULATION

Sable Mining notes the further recent media comment and speculation regarding allegations of bribery and corruption made against the Company in Liberia which include the allegation that Andrew Groves, its CEO, has been indicted in Liberia on unspecified charges by the Liberian government.

 

The Company is investigating these matters and taking appropriate legal advice and will keep the market appraised of developments as and when appropriate. 

 

The Company further notes that Mr Groves has confirmed to the Board he has not personally received any indictment by the grand jury in Liberia and that to date, no evidence has been presented or served to support the allegations against him, as first raised by Global Witness. In addition, he has strongly refuted any allegation that he has acted unlawfully in relation to Sable's business affairs in Liberia or indeed elsewhere.

 

** ENDS **

 

For further information please visit www.sablemining.com or contact:

 

Andrew Groves

Sable Mining Africa Ltd

Tel: 020 7408 9200

David Foreman

Cantor Fitzgerald Europe

Tel: 020 7894 7000

Ben Brewerton

FTI Consulting

Tel: 020 3727 1000

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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5th Oct 20117:15 amRNSAppointment of Executive Director
5th Oct 20117:00 amRNSCoal Update
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22nd Sep 201111:45 amRNSDirector Dealings
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4th May 20117:00 amRNSSpringbok Flats Coal Project Update
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14th Apr 20116:17 pmRNSUpdate regarding Bagla Hills Iron Ore Project
6th Apr 20117:00 amRNS786 Mt Coal Seam Tonnage Modelled at Lubu Project
5th Apr 20117:00 amRNSAcquires Bagla Hills Iron Ore Project
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28th Mar 20117:00 amRNSPositive Results from Lubu Coal Project
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