15 January 2014
Companhia
Mineira de Naburi (“CMdN”)
The Owners of CMdN, General Veloso and Diogo Cavaco, have noted the
appearance of a so-called “Tearsheet” on the website of Pathfinder Minerals plc
(“Pathfinder Minerals”) following the judgement in favour of the Owners in the
Mozambique courts on 21 October 2013 by Judge Arnaldo Rui Siquela. This Tearsheet claims to set out the
“background to the dispute” from the perspective of the Directors and Promoters
of Pathfinder Minerals (John McKeon, Nick Trew, Gordon Dickie, Tim Baldwin and
James Normand).
It
is unclear why this Tearsheet was not made public by way of a formal RNS
announcement. In any case, this
Tearsheet is inaccurate, misleading and defamatory.
Set out below is a detailed
response to the points raised by the Promoters.