https://www.miningweekly.com
Financial|Mining|Resources|Services|Maintenance|Operations
Financial|Mining|Resources|Services|Maintenance|Operations
financial|mining|resources|services|maintenance|operations

Eastern Goldfields enters administration

30th November 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Eastern Goldfields has gone into voluntary administration.

The junior company said on Friday that the administrators would work with the company to review its operations, which were currently on care and maintenance, as well as its financial position.

Eastern Goldfields earlier this week flagged the possibility of voluntary administration after a A$75-million recapitalisation transaction fell through.

The A$75-million financing package would have included A$8.75-million of interim funding, a A$36.8-million capital raise, a one-for-seven non-renounceable pro-rata entitlement offer to raise some A$5-million, and a recapitalisation and services deed with Adaman Resources to deliver a complete mining solution, as well as negotiations with existing trade creditors to settle outstanding debts.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:2.654 2.693s - 91pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: