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Liquidators to wind up Apex

9th October 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – The administrators of embattled Apex Minerals have announced a decision to wind up the company, following a second creditors meeting earlier this month.

Apex went into administration in June, after it failed to raise A$1-million in capital to solve operational issues at its Wiluna gold mine, in Western Australia.

The operation was subsequently placed on care and maintenance.

The liquidators would continue to oversee the sale of Apex’s assets and would complete their investigation into the company’s past affairs, the conduct of the directors, and potential recoveries under the voidable transactions provision of the Corporations Act.

Apex’s shares have been in a trading halt since June, and remain so at the moment.

Edited by Creamer Media Reporter

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