Company Updates

Sundance is pleased to announce it has signed a binding Capital Provision Agreement with Burford Asia Investments, an affiliate of Burford Capital Limited, the world's leading global finance and asset management business focused on law.  

The Company wishes to provide an update to shareholders on Litigation Funding and Short-term Funding.

See attached Company Update for information.

Sundance wishes to announce today that, through its subsidiary Congo Iron SA, it has referred its dispute with the Republic of Congo to arbitration in London under the rules of the International Chamber of Commerce.  

The dispute arises out of Congo Government's unlawful expropriation of Congo Iron's mining permit in the Sangha region of Congo and related rights and interests.

Sundance wishes to advise that following recent correspondence received from The Government of Congo Sundance has decided to delay arbitration against Congo for a further 30 days to allow discussions to progress between Sundance and representatives of Congo.