MGU 0.00% 3.5¢ magnum mining and exploration limited

News: MGU Magnum Mining And Exploration Says Co's South African Staff Are Currently Taking Accrued...

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    April 20 (Reuters) - Magnum Mining and Exploration Ltd (MGU) :

    • BOARD HAS FORGONE ALL PAYMENT OR ACCRUAL OF DIRECTORS FEES SINCE JUNE 2019, TO CONTINUE FOR FORESEEABLE FUTURE
    • CO'S SOUTH AFRICAN STAFF ARE CURRENTLY TAKING ACCRUED LEAVE
    • ASSESSING ELIGIBILITY FOR GOVERNMENT JOB SUBSIDY SCHEME BEING IMPLEMENTED IN SOUTH AFRICA
    • ONSITE OPERATING COSTS REDUCED FOR DURATION OF LOCKDOWN AT SOUTH AFRICA
    • CEO HAS WAIVED ALL ACCRUAL OF CONSULTANCY FEES SINCE MAY 2019 AND WILL CONTINUE TO DO SO FOR FORESEEABLE FUTURE
 
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