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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
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Sable Mining Africa Ltd
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Tel: 020 7408 9200
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David Foreman
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Cantor Fitzgerald Europe
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Tel: 020 7894 7000
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Ben Brewerton
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FTI Consulting
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Tel: 020 3727 1000
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Sable Mining Africa Ltd.
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CODE : SBLM.L |
ISIN : VGG7762V1076 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Sable Mining Africa is a exploration company based in United kingdom. Sable Mining Africa develops coal in South Africa, and holds various exploration projects in Botswana, in Liberia, in South Africa and in Zimbabwe. Its main asset in development is RIETKUIL in South Africa and its main exploration properties are DUKWE COAL in Botswana, GULUKWANE in South Africa and BOPOLU / TIMBO in Liberia. Sable Mining Africa is listed in United Kingdom. Its market capitalisation is GBX 223.9 millions as of today (US$ 296.4 millions, € 264.2 millions). Its stock quote reached its highest recent level on April 13, 2012 at GBX 9.99, and its lowest recent point on September 09, 2016 at GBX 0.17. Sable Mining Africa has 1 108 473 474 shares outstanding. |