SNRP Strategic Nat.

TIDMSNRP

RNS Number : 2108V

Strategic Natural Resources PLC

10 December 2013

Strategic Natural Resources Plc

("SNR" or the "Company")

Withdrawal of Elitheni liquidation notice

The Board of SNR, the AIM quoted natural resources developer operating in South Africa, which owns 74% of Elitheni Coal (Pty) Limited ("Elitheni"), is pleased to announce that it has been informed by Elitheni that the creditors of Elitheni who submitted a liquidation notice, further details of which were announced by the Company on 29 November 2013, have agreed to withdraw the liquidation notice. As a result the liquidation hearing, which was scheduled to be held today, has been cancelled. The court has ordered that disputed unpaid amounts will be settled through an arbitration process, which will take place between 21-24 April 2014, in order to allow sufficient time for Elitheni and its creditors to gather the required information for the arbitration.

The Company will provide a further update as appropriate.

For further information, please contact:

 
 Strategic Natural Resources plc 
 Andy Brennan, Chairman 
  Gabriel Ruhan, CEO                            +44 (0)20 3328 5656 
 
 Allenby Capital Limited - Nominated Adviser 
  and Broker 
 Nick Naylor/Mark Connelly/James Reeve          +44 (0) 20 3328 5656 
 
 FTI Consulting 
 Ben Brewerton/Georgia Mann                     +44 (0) 20 7831 3113 
 

For further information about Strategic Natural Resources plc please visit www.snrplc.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCGGGWUPUPWGMU

Strategic Natural (LSE:SNRP)
Historical Stock Chart
From May 2024 to Jun 2024

Strategic Natural (LSE:SNRP)
Historical Stock Chart
From Jun 2023 to Jun 2024