The 90% shareholder of NLZM, North River Resources PLC has been placed in administration in the UK from 11 June. Shane Crooks and Mark Shaw, partners at BDO LLP, were appointed as joint administrators of North River Resources plc. The joint administrators can be contacted via email BRCMT@bdo.co.uk.
Please note that the joint administrators act as agents of the company (NRR) only and without personal liability.
The current temporary suspension of operations will now be extended until the company is sold or metal prices recovered sufficiently to restart the operations.
NLZM is working with the administrators to meet its current commitments and obligations.
The joint administrators are currently reviewing the options available with a view to maintaining NLZM in care and maintenance mode whilst running a sale process for the shares in NLZM. All interested parties are welcome to contact the administrators.
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