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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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Sable Mining Africa est une société d’exploration minière basée au Royaume-Uni. Sable Mining Africa est en développement de projets de charbon en Afrique Du Sud, et détient divers projets d'exploration au Botswana, en Afrique Du Sud, en Liberia et en Zimbabwe. Son principal projet en développement est RIETKUIL en Afrique Du Sud et ses principaux projets en exploration sont DUKWE COAL au Botswana, GULUKWANE en Afrique Du Sud et BOPOLU / TIMBO en Liberia. Sable Mining Africa est cotée au Royaume-Uni. Sa capitalisation boursière aujourd'hui est 223,9 millions GBX (296,4 millions US$, 264,2 millions €). La valeur de son action a atteint son plus haut niveau récent le 13 avril 2012 à 9,99 GBX, et son plus bas niveau récent le 09 septembre 2016 à 0,17 GBX. Sable Mining Africa possède 1 108 473 474 actions en circulation. |