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Temporary Suspension

4 Nov 2014 12:00

RNS Number : 1098W
Berkeley Mineral Resources PLC
04 November 2014
 

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.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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