REG - Griffin Mining Ltd - RESIGNATION OF JOINT VENTURE DIRECTOR

Griffin MiningAnnouncement

23/02/2024 10:00

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RNS Number : 2782E  Griffin Mining Limited  23 February 2024

 

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)

 

Resignation of Joint Venture Director

 

23(rd) February 2024

 

Griffin Mining Ltd ("Griffin" or the "Company") has formally received the
resignation of Mr Shengchang Jin ("Mr Jin"), as a director of Hebei Hua Ao
Mining Industry Company Limited ("HHA"), the 88.8% owned operating subsidiary
of the Company. Furthermore, a Termination Agreement has been executed by all
relevant parties ending any involvement by Mr Jin in any manner or form with
HHA, effective the 7(th) January 2023.

 

The Company has no further knowledge from its announcement of the 15(th)
December 2023 as to whether formal action will be undertaken by the People's
Republic of China against Mr Jin 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. As previously stated,
the ongoing investigations only relate to Mr Jin and do not concern HHA's
operations or any relevant statutory licenses issued by the government to HHA.

 

The investigative team continues to acknowledge and thanked HHA for its full
cooperation in this matter.

 

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

             Dominic Morley

             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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