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IN BRIEF: BlueRock Diamonds to exit administration via dissolution

Mon, 31st Jul 2023 07:58

BlueRock Diamonds PLC - South Africa-focused diamond miner - SP Angel Corporate Finance LLP steps down as nominated advisor. BlueRock's shares were suspended from trading on AIM back on February 24, due to financial uncertainty surrounding the company, and will be cancelled six months from that point, meaning around August 24. BlueRock is in administration and on Friday says it will exit via a distribution to preferential creditors and dissolution of the company, rather than a company's voluntary agreement. BlueRock says this follows significant correspondence with the proposed purchaser of its principal operating subsidiary, Kareevlei Mining Ltd, which itself has been placed into business rescue.

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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22 Dec 2020 09:15

BlueRock Diamonds maintains guidance as it progresses expansion plans

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21 Dec 2020 16:15

BlueRock upbeat on pricing as it recovers two 'exceptional' diamonds

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4 Dec 2020 13:59

IN BRIEF: BlueRock Diamonds Recovers Large Diamond From Kareevlei

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4 Dec 2020 08:00

BlueRock Diamonds recovers 12.6 carat diamond

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19 Oct 2020 20:24

IN BRIEF: BlueRock Diamonds Sells 2,900 Carats For USD870,165

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19 Oct 2020 10:17

BlueRock Diamonds sells 2,900 carats

(Sharecast News) - BlueRock Diamonds has sold 2,900 carats at an average price of $300 per carat for $870,165.

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13 Oct 2020 21:00

IN BRIEF: BlueRock Diamonds Pleased With Record Third Quarter

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13 Oct 2020 14:20

BlueRock beats production records at Kareevlei in third quarter

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