SBLM Sable Mining

TIDMSBLM

RNS Number : 0207B

Sable Mining Africa Limited

13 June 2016

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   Sable Mining Africa   Tel: 020 7408 
                  Ltd                   9200 
 David Foreman   Cantor Fitzgerald     Tel: 020 7894 
                  Europe                7000 
 Ben Brewerton   FTI Consulting        Tel: 020 3727 
                                        1000 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

June 13, 2016 08:16 ET (12:16 GMT)

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