Kodal Minerals PLC Statement re share price movement (1772U)

TIDMKOD

RNS Number : 1772U

Kodal Minerals PLC

13 January 2017

Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining

13 January 2017

Kodal Minerals plc

("Kodal" or the "Company")

Statement re share price movement

The directors of Kodal have noted the recent rise in the Company's share price and confirm that they know of no reason for this price movement. Noting social media speculation about possible Chinese interest in acquiring the Company or its projects, the directors of Kodal confirm that the Company has not received any such approaches and nor is it involved in any such discussions.

As announced on 9 January 2017, the Company expects to be able to announce the results of the reverse circulation drilling programme from its Bougouni Lithium Project in Mali by the end of January 2017. Further updates on the Company and its projects will be announced as appropriate.

**ENDS**

For further information, please visit www.kodalminerals.com or contact the following:

 
 Kodal Minerals plc                    Tel: +61 418 
  Bernard Aylward, CEO                  943 345 
-----------------------------------  --------------- 
 Allenby Capital Limited, Nominated    Tel: 020 3328 
  Adviser                               5656 
  Jeremy Porter/Nick Harriss 
-----------------------------------  --------------- 
 SP Angel Corporate Finance LLP,       Tel: 020 3470 
  Financial Adviser & Broker            0470 
  John Mackay/Laura Harrison 
-----------------------------------  --------------- 
 St Brides Partners Ltd, Financial     Tel: 020 7236 
  PR                                    1177 
  Susie Geliher/Lottie Brocklehurst 
-----------------------------------  ---------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 13, 2017 11:25 ET (16:25 GMT)

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