13 Jun 2016 13:16
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
|