RNS Number:0190N
Mano River Resources Inc
01 July 2003
MANO RIVER RESOURCES INC.
NEWS RELEASE
1 July 2003
No: 2003/13
TSX-Venture Exchange (Trading Symbol: MNO)
London Stock Exchange - AIM (Trading Symbol: MANA)
PUBLICATION OF FIRST QUARTER 2003 ACCOUNTS
The Board of Mano River Resources Inc. is pleased to release the Accounts of the
Company for the quarter ended April 30th 2003, together with the Management
Discussion & Analysis.
On behalf of the Board of Mano River Resources Inc.
Tom Elder
President and CEO
For further information on Mano River Resources and its exploration programme,
you are invited to visit the Company's website at www.manoriver.com or contact
one of the following:
Tom Elder President and CEO UK +44 (0) 1235 810 740
Guy Pas Co-Chairman Switzerland +41 22 758 2151
Anthony Rhatigan Co-Chairman Mobile +44 (0) 7785 297 348
Raz Hussein Controller Canada +1 (604) 689 1700
Gary Middleton Britton Financial PR UK +44 (0) 20 7251 2544
The TSX Venture Exchange has not reviewed and does not take responsibility for
the adequacy or accuracy of this release
MANO RIVER RESOURCES INC.
Schedule 'C'
MANAGEMENT DISCUSSION AND ANALYSIS
for the Quarter Ending April 30th, 2003
The Consolidated Financial Statements for Mano River Resources Inc. ("Mano" or
the "Company") covering the quarter ending April 30th, 2003 are provided herein
for your review.
DESCRIPTION OF BUSINESS
Mano River Resources Inc is engaged in the acquisition, exploration and
development of gold and diamond properties. The Company, through its
subsidiaries, holds interests in properties located in Liberia, Sierra Leone,
Guinea and Canada.
OPERATIONS AND FINANCIAL CONDITION
For the quarter ended April 30, 2003, the Company incurred a net loss of $74,993
as compared to a net loss of $87,216 for the corresponding quarter in 2002. This
is a $12,223 decrease in net loss compared to 2002. This was due to a reduction
in operating expenses which were $76,846 for Q1 2003, compared with $91,268 for
Q1 2002. The decrease of $14,422 over 2002 was due to a decrease in management
fees and other administrative cost savings. Revenue for the quarter, consisting
of interest income, was $1,853 as compared to $4,052 in 2001, a decrease of
$2,199. Total assets on April 30, 2003 were $12,390,528 as compared to
$12,253,662 at year ended January 31, 2003. As at April 30, 2003, the Company
had total current liabilities of $614,718 as compared to $924,503 for the same
period in 2002, the reduction having been achieved as a result of a Shares for
Debt Scheme finalised in May 2002. Current liabilities includes $512,347 due to
related parties for management fees, bridging loan and reimbursable expenses.
As at April 30, 2003, the Company had cash and cash equivalents of US$129,101 as
compared to US$42,541 for the same period in 2002. The Company had as at April
30, 2003 working capital deficiency of $467,706 as compared to $879,461 for the
same period in 2002.
The Company's ability to continue its operations is dependent on its capacity to
secure additional financing in the near term and, while it has been successful
in doing so in the past, there can be no assurance it will be able to do so in
the future. In order to continue developing its mineral properties, management
is actively pursuing such additional sources of financing.
EXPLORATION AND PROJECT DEVELOPMENT
Exploration activity during the quarter under review was focused on gold and
diamonds in Sierra Leone.
a) Diamond Exploration - Sierra Leone
In February 2003, Mano announced further very encouraging results from its
mini-bulk sampling of the Lion-1 kimberlite dyke within its EPLs in the Kono
diamond district. Macro-diamonds had already been reported by the Company from a
1.7ton mini-bulk sample of Lion-1, which yielded 5 diamonds in the +2.0mm size
fraction weighing in total 0.85-carats, for a minimum grade of 49 carats per
hundred tonnes (49cpht).
Subsequent sorting of the +0.71mm to -2.0mm concentrate in South Africa yielded
a further 17 macrodiamonds weighing a total of 49.69mg or 0.25 carats. The
calculated grade for the 1.7 tonne mini-bulk sample of Lion-1 is therefore now
64.6 cpht. These diamonds were weighed and described by John Gurney's
Laboratory, Mineral Services, in Cape Town.
In summary, Kono Lion 1 exploration programme highlights are as follows: -
*The Lion-1 dyke has been mapped discontinuously along strike for +/- 5km.
*A mini-bulk sample of approximately 1.7 tons, including significant
dilution by granite, was collected, washed and gravitated on site. The
sample yielded 22 diamonds for a total weight of 1.1-carats from the +0.71mm
size fraction, suggesting an initial minimum grade of 64.6 cpht
*The largest stone recovered from the mini-bulk sample weighed 0.32 carats
and is of gem quality
*Lion-1 is associated with abundant G10 garnets and a petrographic
analysis confirms its high interest potential
*Kimberlite has been identified elsewhere throughout the area, many
occurrences coinciding with significant artisanal diamond workings and high
interest indicator mineral chemistry
*Diamonds of 110-carats (officially reported) and 400-carats and
1,400-carats (both unofficially reported) have been recovered during 2002
from the area immediately adjacent to Mano's EPLs in Kono.
b) Gold Exploration - Sierra Leone
Elsewhere in Sierra Leone, Mano announced in February 2003 highly encouraging
results from its Sonfon Joint Venture gold programme. The Sonfon district
contains Sierra Leone's richest and most prolific historic gold fields, across
the country's pre-eminent Sula Mountains greenstone gold belt. (See map
www.manoriver.com/properties/sl_lakesonfon.html.)
A 3km long northwest trending gold-in-soil anomaly identified by a 25ppb
contour, was defined by a geochemical soil sampling programme and termed the
Yanfarina-Dalakuru-Sende (YDS) gold zone. The programme included 879 samples,
covering an area of approximately 50km2, which were assayed by SGS Laboratories
in Ghana. The YDS zone is coincident with an area of extensive artisanal gold
workings and is within a prominent structure, approximately 9km long by 5km
wide. Trenching has identified a series of high grade gold-bearing narrow veins
(stockwork) that could represent a highly significant bulk tonnage gold target.
Results from a previous soil geochemical programme conducted by Mano identified
certain gold anomalies assaying up to 3,227ppb (3.2 g/t) coincident with and up
to 5km north and 4km south of the YDS zone.
A series of recent trenches targeting primary vein gold mineralization on the
side of the Yanfarina River north of Dalakuru, returned the following highly
encouraging results:
Phase-1 YDS Zone Trench Samples
--------------------------
Trench Length (m) Grade (g/t) Au
--------- --------- ------------
DT-1 3.5 3.6
--------- --------- ------------
DT-2 0.9 1.6
--------- --------- ------------
DT-3* 1.9 24.9
--------- --------- ------------
DT-4 6.0 0.5
--------- --------- ------------
DT-5 2.0 0.2
--------- --------- ------------
DT-6 7.3 7.4
--------- --------- ------------
DT-7 5.9 3.6
--------- --------- ------------
*including 0.45 108
--------- --------- ------------
The mineralised quartz tourmaline veins trend north westerly and range between
0.1m and 1m wide, the stockwork having been traced continuously over a distance
of at least 75m with artisans having masked its continuation through their
mining activities.
It is considered likely that the veins exposed in Trench DT-4 along strike are
part of the same system suggesting a minimum length of 150m. Grab samples from a
3m wide highly silicified outcrop 5km northeast of the YDS gold zone, range from
1 to 12.6 g/t for an average of 6.3 g/t. A previous channel sample taken by IMC
Mackay & Schnellman (IMC) assayed 3m @ 10.3 g/t. IMC reported the area to be
"highly prospective for primary gold targets".
Phase-1 Yisangba Grab Samples
------------------------------
Sample No. Gold g/t
------------- -----------
50901 5.6
------------- -----------
50902 2.9
------------- -----------
50903 1.0
------------- -----------
50904 12.6
------------- -----------
50905 9.1
------------- -----------
The Yisangba target is located within the 'Bongone block', where previous
drilling of a geochemical anomaly in the 1960s reportedly intersected an 85m
wide zone of sulphide mineralization (2-3% sulphides).
Previous work has identified gold occurrences related to major shear structures
in areas with extensive artisanal gold workings. The presence of gold in the
Sonfon area has historical relevance, with the name of the local river 'Sende',
translating to "gold bearing water." Active artisanal gold workings are found
extensively across the Sonfon district. The prospect has reportedly been
described by independent consultants IMC as hosting the 'potential for the
discovery of gold deposits of significant size'.
LIBERIA AND GUINEA
There was no exploration activity during the period under review. Programmes in
Liberia will recommence as soon as an improving security situation allows.
CANADA
The Manotaur diamonds joint venture (JV) remains on hold while efforts are made
to investigate the scope for widening the JV to include two other companies who
hold ground in the immediate area, as a means of facilitating fund raising.
INVESTOR RELATIONS
During the quarter under review, three Press Releases were issued recording
material exploration developments affecting the Company. Mano's very
comprehensive website, www.manoriver.com, continues to be given high priority.
Investor relations remain of prime importance to the Company, and in May 2003
Mano announced the appointment of Britton Financial PR ("Britton") to handle its
Investor Relations. Britton is a financial PR company based in the City of
London, dealing with a variety of sectors. Its strengths lie in the personal
relationships it has with the media and with the financial community, through
the extensive contacts and experience of its staff. Britton's aim is to lift
Mano's profile so as to achieve a better understanding in the investment
community of the Company's portfolio of gold and diamond exploration projects in
West Africa.
SUBSEQUENT EVENTS - CORPORATE
In May 2003, Mano announced that Seymour Pierce Limited has been appointed as
the Company's Nominated Adviser on the London Stock Exchange - AIM market with
immediate effect. Seymour Pierce Ltd together with Seymour Pierce Ellis Ltd,
Mano River's Nominated Broker, are a leading adviser and broker to AIM, with
some one hundred retained corporate clients. They are specialists in providing
research, corporate broking and corporate finance advice to smaller quoted
companies and have a growing specialism in extractive industries.
In June 2003, The Company announced that the board of directors had adopted a
stock option plan (the "Plan") pursuant to the policies of the TSX Venture
Exchange. The Plan is subject to TSX Venture Exchange approval and shareholder
approval. The Plan will allow for the reservation of up to 10% of the Company's
issued and outstanding shares as at the date of a particular stock option grant
(the Company currently has 133,890,216 (10% = 13,389,021) shares issued and
outstanding). Options under the Plan may be granted to the Company's directors,
officers, employees, management company employees and consultants. Upon receipt
of all necessary approvals, the Plan will govern any outstanding stock options
previously granted and any new stock options issued.
Also in June 2003, the Company announced that it had arranged, subject to
regulatory approval, a brokered Private Placing to raise gross proceeds of
GBP431,250 (approximately US$698,000) from existing and new institutional
investors. The brokered Placing was arranged in the UK of 17,250,000 common
shares at GBP0.025 per share through Seymour Pierce Ltd. Application was made
for approval of the Placing by the TSX Venture Exchange and for the new shares
to be admitted to trading on AIM.
The proceeds of the Placing will be used by Mano to continue the Company's
exploration programme over its range of promising gold and diamond targets in
the Mano River Union countries, and for general working capital purposes.
SUBSEQUENT EVENTS - EXPLORATION
In June 2003, Mano announced the acquisition of the 'North Pampana' EPL, which
hosts the high grade Yirisen gold deposit and strategically adjoins Mano River's
'South Pampana' EPL in central Sierra Leone.
The North Pampana EPL contains the well known Yirisen gold deposit and several
further gold anomalies as defined by a 1980s United Nations Development
Programme (UNDP) funded geochemical programme. Mano will be integrating the
extensive results of the UNDP programme into the Company's Geographical
Information System, which includes satellite imagery and structural analysis of
the Pampana district, with the aim of generating further gold targets and
extensions to the known gold mineralized trend.
Mineralisation was first noted at Yirisen by the Geological Survey of Sierra
Leone in 1958. Seven north easterly trending sub-vertical lodes of quartz
veining, averaging 150m in length were identified and returned gold values of
between 5.5 and 48 g/t over widths of between 0.7 and 6.4 metres. The host rocks
are predominantly talc schists with extensive pervasive sulphide mineralization.
Artisanal miners are currently working the Yirisen gold deposit to depths of up
to 15 metres. In one exceptional instance a narrow (one metre wide) shaft has
been sunk to an estimated depth of over 75 metres. Artisanal gold workings
currently define a strike length of over 1km to the known mineralization, which
remains open in both directions.
The North Pampana licence acquisition completes Mano River's portfolio of gold
targets in Sierra Leone, comprising:
i. The Joint Venture (JV) with Golden Prospect Plc (AIM:GOL) over two
contiguous exploration licences in the Sonfon area, within the northern end
of the Sula Mountains greenstone gold belt. The JV has defined a 3km long
gold in soil anomaly, below which trenching has revealed a gold-bearing
stockwork vein system with a best trench intersection of 7.3m @ 7.4g/t (see
www.manoriver.com/mano/projects/gold_sl_sonfon.shtml).
ii. The two strategically located Nimini Central and Nimini South EPLs within
the Nimini Hills greenstone gold belt (see www.manoriver.com/mano/projects/
gold_sl_nimini.shtml) which host parts of known lode gold deposits shared
with two EPLs held by AfCan Mining (TSX-V:AFK), namely Nimini East and
Nimini West and over which AfCan recently announced the signature of a Heads
of Agreement for a Joint Venture with Ashanti Goldfields
iii. The North and South Pampana EPLs containing the Yirisen gold deposit
within the Yirisen-Massamank mineralised trend, 30km north of the Baomahun
gold deposit where a joint venture was recently announced between Mr Ronald
Winston and Caldera Resources (TSX:CDR)
Management encourages shareholders and other interested parties to contact the
following individuals at any time for information about the activities of Mano:
Tom Elder President and CEO UK +44 (0)1235 810 740
Guy Pas Co-Chairman Switzerland +41 22 758 2151
Anthony Rhatigan Co-Chairman Mobile +44 (0)7785 297 348
Gary Middleton Britton Financial UK +44 20 7251 2544
Consolidated Interim Financial Statements
For The Three Months Ended April 30, 2003
MANO RIVER RESOURCES INC
Consolidated Balance Sheets
(Prepared by Management without audit)
(Stated in U.S. Dollars)
Three months Year
ended ended
April 30, January 31,
2003 2003
$ $
(unaudited) (audited)
-------------------------- --------- --------
ASSETS
Current
Cash and cash equivalents 129,101 184,116
Accounts receivable 17,911 2,139
-------------------------- --------- --------
147,012 186,255
Investments (Note 3) 34,496 34,496
Resource properties (Note 4) 4,045,090 4,045,090
Deferred exploration costs 7,823,320 7,647,211
Reclamation bonds (Note 5) 340,610 340,610
-------------------------- --------- --------
12,390,528 12,253,662
-------------------------- --------- --------
LIABILITIES
Current Liabilities
Accounts payable and accrued liabilities 102,371 97,664
Due to related parties (Note 8) 512,347 305,195
-------------------------- --------- --------
614,718 402,859
Provision for reclamation (Note 5) 340,610 340,610
Convertible debenture (Note 7) 138,723 138,723
SHAREHOLDERS' EQUITY
Share capital (Note 6) 15,867,323 15,867,323
Equity component of convertible debenture 96,000 96,000
(Note 7)
Cumulative translation difference (21,755) (21,755)
Deficit (4,645,091) (4,570,098)
-------------------------- --------- --------
11,296,477 11,371,470
-------------------------- --------- --------
12,390,528 12,253,662
-------------------------- --------- --------
APPROVED BY THE DIRECTORS:
"TOM G.ELDER" (Signed) "GUY E.PAS" (Signed)
MANO RIVER RESOURCES INC
Consolidated Statements of Loss
(Prepared by Management without audit)
Stated in U.S. Dollars)
Three months Three months
ended ended
April 30, April 30,
2003 2002
$ $
(unaudited) (unaudited)
--------------------------- --------- ---------
Revenue
Interest income 1,853 4,052
--------------------------- --------- ---------
Expenses
Administrative and office expenses 1,275 2,370
Bank and interest charges 3,134 192
Directors fees 2,000 5,000
Foreign exchange loss (gain) 4,349 844
Investor communications 10,689 -
Management fees 21,000 40,500
Mine maintenance expenses 9,361 13,778
Professional fees, legal, adviser, audit 20,529 17,954
and accounting
Transfer agent and regulatory fees 3,309 4,530
Travel and promotion 1,200 6,100
--------------------------- --------- ---------
76,846 91,268
--------------------------- --------- ---------
Loss for the Period (74,993) (87,216)
--------------------------- --------- ---------
Loss per share (0.0006) (0.0009)
--------------------------- --------- ---------
MANO RIVER RESOURCES INC
Consolidated Statements of Deficit
(Prepared by Management without audit)
Stated in U.S. Dollars)
Three months Year
ended ended
April 30, January 31,
2003 2003
$ $
(unaudited) (audited)
---------------- --------- --------
Deficit, Beginning of year (4,570,098) (4,217,881)
Loss for the Period (74,993) (352,217)
Deficit, End of Period (4,645,091) (4,570,098)
MANO RIVER RESOURCES INC
Consolidated Statements of Cash Flows
(Prepared by Management without audit)
Stated in U.S. Dollars)
Three months Three months
ended ended
April 30, April 30,
2003 2002
$ $
(unaudited) (unaudited)
------- ------------------ --------- ---------
Operating Activities
Loss for the period (74,993) (87,216)
Changes in non-cash working capital
accounts
Accounts receivable (15,772) 277
Accounts payable 4,707 14,350
------- ------------------ --------- ---------
(86,058) (72,589)
------- ------------------ --------- ---------
Financing Activities
Issuance of share capital (net of costs) - 97,570
Due to related parties 207,152 53,154
----------------------- --------- ---------
207,152 150,724
------- ------------------ --------- ---------
Investing Activities
Resource properties -
Deferred exploration expenditures (176,109) (160,692)
------- ------------------ --------- ---------
(176,109) (160,692)
------- ------------------ --------- ---------
Increase ( Decrease) In Cash (55,015) (82,557)
Cash, Beginning of Period 184,116 125,098
----------------------- --------- ---------
Cash, End of Period 129,101 42,541
----------------------- --------- ---------
Supplemental disclosure of non-cash financing and investing activities
During the quarter ended April 30, 2002, the Company:
Issued 1,111,636 common shares for the settlement of debt of $222,327
and 2,000,000 common shares for share subscriptions of $367,579 received
in the previous financial year.
MANO RIVER RESOURCES INC
Consolidated Statements of Deferred Exploration Costs
(Prepared by Management without audit)
Stated in U.S. Dollars)
Three months Three months
ended ended
April 30, April 30,
2003 2002
$ $
(unaudited) (unaudited)
-------------------- --------- ---------
Deferred exploration expenditures
Accommodation and meals 1,989 12,553
Assays and geochem 16,845 666
Communications 4,908 8,586
Consultants 19,125 38,534
Data, images, reports and maps 2,352 1,673
License, permit fees 50,480 3,752
Project/field office costs, other 21,144 19,520
Salaries 52,888 53,579
Transportation 6,378 21,829
-------------------- --------- ---------
Net expenditures during the period 176,109 160,692
Balance, Beginning of period 7,647,211 6,878,104
-------------------- --------- ---------
Balance, End of period 7,823,320 7,038,796
-------------------- --------- ---------
1. NATURE OF OPERATIONS AND CONTINUING OPERATIONS
The Company is engaged in the acquisition, exploration and development
of gold and diamond properties. The Company is in the development stage
and has no source of cash flows other than loans from related parties or
equity offerings.
These consolidated financial statements are prepared on a going concern
basis which assumes that the Company will be able to realize assets and
discharge liabilities in the normal course of business. The Company's
ability to continue on a going concern basis depends on its ability to
successfully raise additional financing. If the Company cannot obtain
additional financing the Company may be forced to realize its assets at
amounts significantly lower than the current carrying value.
2. SIGNIFICANT ACCOUNTING POLICIES
These financial statements have been prepared in accordance with
generally accepted accounting principles in Canada and reflect the
following significant accounting policies. The United States dollar has
been identified as the Company's currency of measurement and is used for
external reporting purposes.
(a) Principles of consolidation
These financial statements include the accounts of Mano River
Resources Inc. and its principal subsidiary, Mano River
Resources Ltd. and its subsidiaries.
(b) Cash and cash equivalents
Cash and cash equivalents consists of cash on hand, deposits in
banks and highly liquid investments with an original maturity of
ninety days or less.
(c) Investments
Investments are recorded at the lower of cost and net realizable
value
(d Resource properties and deferred exploration costs
The Company follows the method of accounting for its mineral
properties whereby all costs related to acquisition, exploration
and development are capitalized by property.
(e) Loss per share
Loss per share is computed using the weighted average number of
shares outstanding during the year.
3. INVESTMENTS
April 30, January 31,
2003 2003
Royal Victoria Minerals Ltd $ 34,496 $ 34,496
4. RESOURCE PROPERTIES
April 30, January 31,
2003 2003
Acquisition costs
Liberia, West Africa $ 320,000 $ 320,000
Guinea, West Africa 1,940,000 1,940,000
Sierra Leone, West Africa 1,695,000 1,695,000
ManoTaur Joint Venture, Canada 90,090 90,090
Closing balance $ 4,045,090 $ 4,045,090
5. RECLAMATION BONDS
As at April 30, 2003, term deposits totaling $340,610 (January 31, 2003
- $340,610) have been pledged to the State of Washington as security for
reclamation costs on the Van Stone property. A reclamation provision has
been accrued in the amount of $340,610. The Company has completed an
assessment of the reclamation and closure costs and it is anticipated
that costs incurred will not exceed this provision. The Company will
continually monitor the costs related to the Van Stone mine and will
make further provisions if it is determined necessary.
6. SHARE CAPITAL
(a) Authorized - Unlimited common shares without par value
(b) Issued
Shares Amounts
Balance at January 31, 2002 101,162,671 $ 14,357,213
Shares issued for settlement of debt 6,427,545 415,295
Shares issued on private placement (net of costs) 26,300,000 1,094,815
Balance at 31 January, 2003 133,890,216 15,867,323
Shares issued for settlement of debt - -
Shares issued on private placement (net of costs) - -
Balanace at 30 April, 2003 133,890,216 15,867,323
During the period, 470,000 stock options lapsed. As at April 30, 2003,
the following stock options were outstanding:
Exercise price
Number of per share
Common Shares (Cdn$) Expiry date
2,540,000 $ 0.34 February 12,2004
100,000 $ 0.34 April 14,2005
990,000 $ 0.22 May 1, 2006
845,000 $ 0.10 February 21, 2007
5,000,000 $ 0.11 March 21, 2007
9,475,000
As at April 30, 2003, there were 2,100,000 shares held in escrow with
their release subject to approval of regulatory authorities.
7. CONVERTIBLE DEBENTURE
The Company entered into a convertible debenture agreement with respect
to advances from a company controlled by a director. Advances totaling
$200,000 will under this debenture be repayable on April 30, 2004,
together with accumulated interest at 6% per annum. The principal amount
is convertible by the holder into common shares of the Company at a
price of #0.04 per share at any time prior to maturity.
In accordance with the recommendations of the Canadian Institute of
Chartered Accountants, the convertible debenture issued has been
segregated into its debt and equity components. The financial liability
component, representing the value allocated to the liability at
inception, is recorded as a long-term liability. The remaining
component, representing the value ascribed to the holders' option to
convert the principal balance into common shares, is classified in
shareholders' equity as "Equity component of convertible debenture".
These components have been measured at their respective fair values on
the date the convertible debenture was originally issued.
8. RELATED PARTY TRANSACTIONS
During the year to date, the Company incurred billings of $26,654 from
related parties for management fees and professional services. All
transactions with related parties have occurred in the normal course of
operations. As at April 30, 2003, the amount due to related parties
totals $512,347. These balances are payable on demand and have arisen
from the provision of services referred to above and provision of
short-term bridge financing.
9. FAIR VALUE OF FINANCIAL INSTRUMENTS
The Company's financial assets and liabilities are cash and cash
equivalents, accounts receivable, investments, accounts payable and
accrued liabilities, and due to related parties. The fair values of
these financial instruments are estimated to approximate their carrying
values due to their immediate or short-term nature except for
investments whose fair value is described in Note 3. Due to the nature
of the Company's operations, there is no significant credit or interest
rate risk. As at April 30, 2003, the Company held approximately $89,712
cash in bank accounts denominated in U.K. pounds. The Company has taken
no action to reduce its exposure to foreign currency risk.
10. SUBSEQUENT EVENTS
Subsequent to April 30, 2003, the Company:
Arranged a private placement for 17.25 million common shares at GBP 0.025p per
share to raise GBP 431,250 (approximately USD$697,848) before issue costs. This
private placement is subject to regulatory approval.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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