News: SRX Sierra Rutile Says Advised Of Temporary Suspension Of Mining Activities In Area 12

March 21 (Reuters) - Sierra Rutile (SRX) :

• HAS ALSO ADVISED OF TEMPORARY SUSPENSION OF MINING AND PROCESSING ACTIVITIES IN AREA 12
• IS CONTINUING TO NEGOTIATE WITH GOVERNMENT OF SIERRA LEONE
• GOVERNMENT OF SIERRA LEONE SEEKING TO RENEGOTIATE TERMS OF THIRD AMENDMENT AGREEMENT BETWEEN SIERRA RUTILE AND GOSL
• POSITION OF CO REMAINS THAT 3RD AMENDMENT AGREEMENT CANNOT BE AMENDED WITHOUT MUTUAL AGREEMENT OF CO
• SIERRA RUTILE HOLDINGS LTD - GOSL NOW ADVISED NOTICE OF SUSPENSION DID NOT COMPLY WITH RELEVANT REQUIREMENTS UNDER APPLICABLE LAW AND REGULATIONS
• SIERRA RUTILE - GOSL ADVISED SUSPENSION IS IN BREACH OF LAWS AND REGULATIONS
• SIERRA RUTILE - IS ENGAGING WITH GOSL TO SEEK TO RESOLVE ISSUE IN CONJUNCTION WITH BROADER OVERALL NEGOTIATIONS WITH GOSL

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