Appointment of Administrators
On 22 November 2023, the Company announced that it was it was considering the appointment of administrators over the coming days.
As noted in the announcement SGZ Cononish Limited represents the only substantive asset of the Company and it is still expected that SGZ Cononish Limited will enter Administration in the coming days.
It is confirmed that, on 24 November 2023, the Board of Directors appointed Mr Daniel Bredenkamp and Mr Christopher Pattinson (“Administrators”) of Pitcher Partners Accountants and Advisors (WA) Pty Ltd as Joint and Several Administrators of Scotgold Resources Limited (Administrators Appointed) pursuant to section 436A of the Corporations Act 2001 in Australia.
The Administrators have assumed control of the Company and will work with the Board of Directors during the administration period to maximise the outcome for all stakeholders of the Company.
The Administrators will provide updates throughout the administration by way of announcements to the AIM and ask that shareholders refrain from contacting the Administrators’ office at this time.
In Australia, the Australian Securities and Investments Commission publishes insolvency information sheets which provide information in relation to external administrations in Australia. Shareholders may obtain copies of these information sheets through the below link:
https://asic.gov.au/regulatory-resources/insolvency/insolvency-information-sheets/
Further announcements will be made as appropriate.
