VANCOUVER (miningweekly.com) Canadian alluvial diamond miner Rockwell Diamonds said Friday it remains in the dark as to why business rescue practitioner (BRP) Metis Strategic Advisors had chosen on Thursday to file a motion in the Kimberley High Court to place the three subsidiaries back in provisional liquidation, when a rescue offer is set to be finalised on Monday.
The TSX- and JSE-quoted company, which operated a portfolio of alluvial diamond mines in South Africa, reported that following several discussions with three interested parties regarding a rescue transaction, which resulted in a letter of intent by one party being sent to Metis on Wednesday.
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According to Rockwell, the letter informed the BRPs that a…
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