River Group terminates its sponsor contract with Oakbay

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Oakbay Resources said River Group, has given notice to the Company of the termination of their appointment as sponsor.

Oakbay disclosed that the reason for River Group’s termination of their services is due to their revised assessment of association risk surrounding the Company and its shareholders.

Oakbay Resources said it is in the process of identifying and appointing a new sponsor. The effective date of River Group’s termination shall not be earlier than 31 July 2017 and shareholders will be advised in due course as to developments in this regard.

About River Group
River Group has offices in Tanzania, Cyprus and South Africa. The business was founded in 1998 as a small corporate finance house, which focused primarily on corporate advisory mandates and on assisting growing companies in the broader FMCG, resources, financial, and related technology sectors to unlock their inherent value and to mature to their full potential.

The River Group draws on the experience and skills of a motivated professional team of talented individuals with a successful international track record. The team consists of individuals with highly synergistic professional backgrounds ranging from banking, accounting, legal, and professional management, and their collective experience exceeds 30 years of involvement in corporate finance in the public and private capital markets.

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