Vanadium producer Bushveld Minerals (Bushveld) is being put into liquidation and will be delisted from the London Stock Exchange’s AIM market where its share price has crashed from around 30p five years ago to the current 0.3p.
This follows a decision by the Bushveld board of directors that Bushveld “has liabilities due that it cannot pay and does not have the means to continue to operate.”
As a result of the decision to put the company into liquidation Bushveld’s Nomad (nominated advisor) SP Angel Corporate Finance said it intends resigning its position. AIM rules are that if a replacement Nomad is not appointed within one month Bushveld’s listing on AIM will be cancelled.
The Bushveld directors…
