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IN BRIEF: BlueRock Diamonds to exit administration via dissolution
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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IN BRIEF: BlueRock Diamonds adopts rescue plan for Kareevlei mine
BlueRock Diamonds PLC - South Africa-focused diamond producer - Notes adoption of business rescue plan for Kareevlei diamond mine, which it received l...
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