RE: CRA20 Dec 2018 12:35
So thats a response to the hearing on the 18th. The previous RNS suggested there was another hearing on the 19th.
Can we assume that the hearing for the 19th is now no longer necessary
The Company has been notified that Fujax and Leboam's 40 per cent. shareholder have made a separate application to the Botswana High Court, to be heard today, 18 December 2018, for judgement to consider placing Leboam under judicial management and in the alternative, that is after the Court refuses to grant judicial management order, to place it under, provisional liquidation.
Q. Cradle Arc (AIM: CRA), the African focused base and precious metals exploration and production company, announces that the Company has made an application to the Botswana High Court for its 60 per cent. owned subsidiary, Leboam Holdings (Pty) Limited ("Leboam"), the holding company of the Mowana Copper Mine in Botswana ("Mowana" or the "Mine"), to be placed into provisional liquidation as parallel talks on an alternative funding arrangement continue. The application is set to be heard on Wednesday, 19 December 2018.