Embattled gold junior Pamodzi Gold on Tuesday advised shareholders that a final liquidation order was granted against the company in the North Gauteng High Court in Pretoria.
Pamodzi said last month that it would not oppose the liquidation application lodged against the company by the Industrial Development Corporation.
The company owes the IDC more than R200 million and the granting of the liquidation order opens the way for an investigation into Pamodzi’s collapse.
Trading in Pamodzi was suspended from the JSE after three of the company’s four operating divisions were placed in provisional liquidation earlier this year.
While the company continued to negotiate a lifeline, its battle for survival was brought to an end by a court s…
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