4 Nov 2014 12:00
BERKELEY MINERAL RESOURCES PLC
("BMR" or the "Company")
Suspension
Further to the announcement of Alex Borrelli as Chairman of the Company on 23 October 2014, certain material concerns have come to light as to the classification and valuation of approximately £4.3 million of prepayment for non-current assets as at 31 December 2013. The Company has instructed independent accountants and lawyers to investigate the circumstances underlying these concerns.
The Company has therefore sought and obtained the permission of AIM for trading in its securities on AIM to be suspended forthwith.
The Company has cash balances of approximately £600,000 which represents adequate working capital for its immediate requirements.
For further information:
Berkeley Mineral Resources Plc 07747 020 600
Alex Borrelli, Chairman
WH Ireland Limited 020 7220 1666
Chris Fielding, Head of Corporate Finance
For further information please see the Company's website at http://www.bmrplc.com
The Directors of Berkeley Mineral Resources Plc accept responsibility for this announcement.