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Van Dieman Mines
- BY: Andrew Hore |
- POSTED: 07/07/2009 |
Van Dieman Mines says that its Australian subsidiary is being placed in liquidation.
Paul Cook & Associates, which was the company’s administrator, will become liquidator.
Management says that it is still talking to Galena Special Situations Master Fund about a financial restructuring of Van Dieman and it is reviewing product opportunities.
Shares in Van Dieman were suspended at 0.875p each on 24 February 2009, which valued the tin miner at £1.35m. That means that it has until 24 August to return from suspension or lose its Aim quotation. It will need to publish its 2008 accounts to lift the share suspension.
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