SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : CELTF Centamine PLC Mining & Exploration
CELTF 1.8800.0%Nov 25 3:00 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Savant4/24/2014 12:32:50 PM
   of 20
 
Centamin PLC: Market Update

PERTH, AUSTRALIA--(Marketwired - Apr 24, 2014) - Centamin PLC (LSE: CEY) (TSX: CEE)

For immediate release 24 April 2014

Centamin plc ("Centamin" or "the Company")

(LSE: CEY; TSX: CEE)

Market Update - Concession Agreement Court Case - New Investment Law

Centamin notes that a new law, numbered 32 of 2014, came into effect in Egypt yesterday. The Company understands, based on legal advice, that the new law will restrict the capacity for third parties to challenge any contractual agreement between the Egyptian government and an investor. Furthermore, the new law appears to cover all currently pending lawsuits and challenges.

Centamin continues to discuss with its advisers the process by which the original claim in relation to the Sukari Concession Agreement, which was brought by a third party and is subject to an ongoing court appeal, may be dismissed under the provisions of this new law.

For more information please contact:

Centamin plc Buchanan Josef El-Raghy, Chairman Bobby Morse Andy Davidson, Head of Business Development and Gordon Poole Investor Relations (andy.davidson@centamin.je) Gabriella Clinkard +44 (0) 1534 828708 + 44 (0)20 74665000
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext