REG - Churchill Mining plc - Update <Origin Href="QuoteRef">CHLL.L</Origin>

Cloudified HoldingsAnnouncement

31/01/2017 08:25

RNS Number : 5764V
Churchill Mining plc
31 January 2017
31 January 2017
AIM: CHL
CHURCHILL MINING PLC
("the Company")
UPDATE 
Further to the announcement of 23 December 2016, the Directors of Churchill Mining plc (AIM:CHL) advise that they are continuing to work with the Company's solicitors Clifford Chance LLP on a detailed analysis of the Award and a review of potential grounds to seek revision and / or annulment of the Award pursuant to Section 5 of the ICSID Convention.
The Company expects to be in a position to finalize its advice to shareholders by 28 February 2017.
The suspension in trading of the Company's shares on AIM will continue to remain in place pending clarification of the Company's financial position which can only be assessed in light of the Directors' decision on the filing of a revision and / or annulment application and the subsequent position on the USD 9.4m costs order. 
ENDS
For further information, please contact:
Churchill Mining plc Northland Capital Partners Limited
David Quinlivan Nominated adviser
Nicholas Smith Edward Hutton/William Vandyk
Russell Hardwick Gerry Beaney
  Broking  
+ 61 8 6380 9670  John Howes
 +44 (0)20 3861 6625

This information is provided by RNS
The company news service from the London Stock Exchange
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