A judge in Kimberley, South Africa, has issued an interim liquidation order against three subsidiaries of dual-listed Rockwell Diamonds.
The interim orders, which have to be confirmed in a final hearing, include Rockwell Resources RSA (Rockwell RSA), HC van Wyk Diamonds (HC van Wyk) and Saxendrift mine (Saxendrift).
The effect is that an interim liquidator will be appointed which will take control of the three companies, and will operate them in the best interest of creditors until the final hearing, currently scheduled for 22 June 2017.
The interim decision stems from an action by C-Rock Mining (C-Rock) which launched a liquidation application against Rockwell RSA, HC van Wyk and Saxendrift.
In support of…
Read the full article at: https://www.miningreview.com/news/three-subsidiaries-rockwell-diamonds-issued-interim-liquidation-orders-by-court/
