[miningmx.com] — THABEX, the junior mining and
exploration company, on Tuesday said that the case relating to Angel Diamonds in the High Court of Lesotho has been postponed to October 6 2010.
The case was set to be heard on Monday this week but Thabex said it had been
delayed for the court to finalise the security for costs by the applicants in terms of an application served by the respondents in the High Court of Lesotho on Friday last week.
Thabex said it has provided a bank guarantee of R250 000 for security for costs by the respondents in the case.
The company made an application for the voluntary suspension of its listing on the JSE with immediate effect in June.
This followed after an application was filed in the High Court of Lesotho challenging the shareholding of Thabex in Angel Diamonds, a 60.09% subsidiary of Thabex, in terms of a shareholders agreement that was terminated on 8 September 2009.
The application was served on several respondents including Thabex, Angel diamonds and Mantle Diamonds last week Thursday.
