ASA Resource Group PLC Legal update - Zindico Consortium ("Zindico") (0022J)
23 6월 2017 - 5:36PM
UK Regulatory
TIDMASA
RNS Number : 0022J
ASA Resource Group PLC
23 June 2017
Asa Resource Group plc
("Asa Resource", "the Group" or "the Company")
Legal update - Zindico Consortium ("Zindico")
Asa Resource provides the following update on the claim made by
Zindico in January this year against Freda Rebecca Gold Mine
(FRGM), in which the Group holds an 85% interest.
The Group announced in its last quarterly update on 19 May 2017
that the Zindico applicants had failed to present their Heads of
Argument within the prescribed time set by Zimbabwean law. This
meant Zindico was barred from being heard by the courts in Zimbabwe
and could no longer file an answering affidavit in their claim
against FRGM.
Asa Resource now confirms that the claim initiated by Zindico
has been served on the Company.
As the Company has previously announced, the Company's board
considers these claims to be without either foundation or merit and
is instructing its legal team in Zimbabwe to file the requisite
paperwork with the court in Zimbabwe.
The mining operations at FRGM are continuing as normal. The
Group will make a further announcement as appropriate.
Contact
For more information https://asaresourcegroup.com/ or contact us
below.
Asa Resource Group plc
One Fleet Place, London EC4M 7WS
Ian B Dearing, Executive Director, Group General Counsel and
Company Secretary
Niall Henry, non-executive Director (Investor Relations)
communications@asaresourcegroup.com
Nominated Adviser and Broker
SP Angel Corporate Finance LLP
Prince Frederick House, 35-39 Maddox Street, London W1S 2PP
John Mackay, Jeff Keating, Caroline Rowe
Tel: +44 (0) 20 3470 0470
This information is provided by RNS
The company news service from the London Stock Exchange
END
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June 23, 2017 04:36 ET (08:36 GMT)
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