High Court Petition Update
08 June 2015
Mwana is pleased to announce that, further to the Company's announcement on 5 June 2015, China International Mining Group Corporation ("CIMGC"), a substantial shareholder in Mwana, and Mr Ning, a Non-Executive Director and associate of CIMGC, have settled with the Company all claims with respect to their petition issued in the Companies Court (part of the Chancery Division of the High Court of Justice) on 8 December 2014 against the Company.
In addition to the withdrawal of the petition against Messrs. Botha and Morris, two former directors of the Company, as detailed in the announcement on 5 June 2015, CIMGC and Mr Ning have now agreed to withdraw also their petition against the Company as part of the settlement.
For further information contact:
For further information contact:
Mwana Africa PLC
Kalaa Mpinga, CEO
Caroline Mathonsi, Investor Relations
Tel: + 44 (0) 203 696 5470
Nominated Adviser and Broker
Peel Hunt LLP
Matthew Armitt / Ross Allister
Tel: +44 (0) 20 7418 8900
Public and investor relations
Russell and Associates (South Africa)
Jim Jones / Leigh King
Tel: +27 (0) 11 880 3924
Tavistock (UK)
Ed Portman / Jos Simson / Mike Bartlett
Tel: +44 (0) 207 920 3150
About Mwana Africa PLC
Mwana Africa PLC is a pan-African, multi-commodity mining and development company. Mwana's principal operations and exploration activities cover gold, nickel, copper and diamonds in Zimbabwe, the Democratic Republic of Congo (DRC) and South Africa.