IN BRIEF: Scotgold Resources to appoint administrators in Australia

Scotgold Resources Ltd - Stirlingshire, Scotland-based gold and silver explorer - Considers appointing administrators in Australia. The company's only substantive assets are its holdings in SGZ Cononish Ltd and SGZ Grampian Ltd. Expects to proceed with an administration process for SGZ Cononish "soon". Meanwhile, the secured creditor over the assets of SGZ Cononish, Bridge Barn, has informed Scotgold it will enforce its rights over the shares held by Scotgold in SGZ Grampian. Scotgold shares have been suspended from trading on AIM since September 11.

By Tom Waite, Alliance News editor

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