Berkeley Mineral Resources PLC Temporary Suspension (1098W)
04 November 2014 - 11:00PM
UK Regulatory
TIDMBMR
RNS Number : 1098W
Berkeley Mineral Resources PLC
04 November 2014
BERKELEY MINERAL RESOURCES PLC
("BMR" or the "Company")
Suspension
Further to the announcement of Alex Borrelli as Chairman of the
Company on 23 October 2014, certain material concerns have come to
light as to the classification and valuation of approximately
GBP4.3 million of prepayment for non-current assets as at 31
December 2013. The Company has instructed independent accountants
and lawyers to investigate the circumstances underlying these
concerns.
The Company has therefore sought and obtained the permission of
AIM for trading in its securities on AIM to be suspended
forthwith.
The Company has cash balances of approximately GBP600,000 which
represents adequate working capital for its immediate
requirements.
For further information:
Berkeley Mineral Resources Plc 07747 020 600
Alex Borrelli, Chairman
WH Ireland Limited 020 7220 1666
Chris Fielding, Head of Corporate Finance
For further information please see the Company's website at
http://www.bmrplc.com
The Directors of Berkeley Mineral Resources Plc accept
responsibility for this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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