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Black Mountain Resources Ltd

  • BY: Andrew Hore |
  • POSTED: 20/03/2015 |

Black Mountain Resources Ltd has finally admitted that RFC Ambrian has resigned as nominated adviser – two days after the shares were suspended because Black Mountain did not have a nominated adviser. 

An announcement to the ASX says that Black Mountain is seeking a replacement and expects trading in the shares to be suspended for up to 2 weeks.

The share price was suspended at 1p, which values Black Mountain at £1.2m. There is a lack of cash in the balance sheet and the company requires additional investment.

AIM Journal March 2015 available.

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