Withdrawal of UK Court Appeal

Companhia Mineira de Naburi (“CMdN”)

• Withdrawal of UK Court Appeal after Pathfinder Minerals demands more than £1m in security for costs in order to stifle the Appeal 
• Mozambique Injunction continues with suspensive effect 
• Derisory $1m offer recently sent by Nick Trew to General Veloso

Misinformation in the market

The confused nonsense below was published on April 3^rd 2013 by Proactive Investors – “one of the leading free sources of breaking news, in-depth comment and analysis”, according to its own website. The content, though, was supplied by HB Markets, the little stockbroker until recently known as Hoodless Brennan.

When contacted and offered General Veloso’s and Diogo Cavaco’s version of the latest court developments, HB Markets’ research desk said: “We have absolutely no interest in your version of events. Goodbye.”

Injunction reinstated

Companhia Mineira de Naburi (“CMdN”)

Mozambique Injunction previously obtained by General Veloso Reinstated

with Suspensive Effect

The owners of CMdN, General Veloso and Diogo Cavaco, note the statement from Pathfinder Minerals on 2 April 2013, in which Pathfinder Minerals acknowledges that its attempt to interfere with General Veloso and Diogo Cavaco’s legal action against Pathfinder Minerals currently underway in Mozambique has failed.