REG - Griffin Mining Ltd - CONFINEMENT OF JOINT VENTURE DIRECTOR

Griffin MiningAnnouncement

15/12/2023 07:00

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RNS Number : 8851W  Griffin Mining Limited  15 December 2023

 

8(th) Floor, Royal Trust House, 54 Jermyn Street, London. SW1Y 6LX.  United Kingdom
Telephone: + 44 (0)20 7629 7772  Facsimile:  + 44 (0)20 7629 7773

E mail: griffin@griffinmining.com (mailto:griffin@griffinmining.com)

 

Confinement of Joint Venture Director

 

15(th) December 2023

 

Griffin Mining Ltd ("Griffin" or the "Company") has been informally notified
by a member of the Supervision Committee under the Supervision Law of the
Peoples Republic of China (the "Committee"), that Mr Shengchang Jin ("Mr
Jin"), a director of Hebei Hua Ao Mining Industry Company Limited ("HHA"), the
88.8% owned operating subsidiary of the Company, has been placed under hotel
detention whilst the Committee investigates his actions in relation to his
employment as the Chief Executive Officer of Zhangjiakou Yuanrun Enterprise
Management Consulting Service Co. Ltd, the minority 11.2% shareholder in HHA.
The current ongoing investigations only relate to Mr Jin and do not concern
HHA's operations or any relevant statutory licenses issued by the government.

 

While the investigations have not yet come to a conclusion, the investigative
team has acknowledged and thanked HHA for its full cooperation to date.
Nevertheless, the investigation remains ongoing and there is no certainty as
to its final conclusions and if any alleged conduct by Mr Jin may in some
manner have involved his time and/or efforts as a director of HHA. The
Committee operates in secret and public disclosure of its findings may or may
not occur at the Committee's discretion.

 

 

 

About Griffin Mining Limited

 

Griffin Mining Limited's shares are quoted on the Alternative Investment
Market (AIM) of the London Stock Exchange (symbol GFM). Griffin Mining Limited
owns and operates in China, through its 88.8% owned Joint Venture stock
company, the Caijiaying Zinc Gold Mine, a profitable mine producing zinc,
gold, silver, and lead metals in concentrates. For more information, please
visit the Company's website www.griffinmining.com.

Further information

 

Griffin Mining Limited

Mladen Ninkov - Chairman
Telephone: +44(0)20 7629 7772

Roger Goodwin - Finance Director

 

Panmure Gordon (UK)
Limited
Telephone: +44 (0)20 7886 2500

             John Prior

             Dougie McLeod

 

Berenberg
 
Telephone: +44(0)20 3207 7800

            Matthew Armitt

Jennifer Lee

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) No. 596/2014

 

Griffin Mining Limited's shares are quoted on the Alternative Investment
Market (AIM) of the London Stock Exchange (symbol GFM).

 

The Company's news releases are available on the Company's web site:
www.griffinmining.com (http://www.griffinmining.com/)

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