Flurry of interest for Monarch assets
19-September-08
Written by Rebecca Lawson
The administrators of Monarch Gold Mining Company Ltd have received over 80 expressions of interest for the company's assets, with the applicants to be narrowed down in the coming weeks.
In an update notice to shareholders today, Pitcher Partners said they will be exploring all options in respect of Monarchs assets, including restructuring proposals and the sale of individual assets.
In July, Monarch appointed Bryan Hughes and Christopher Munday as voluntary administrators following the suspension of operations at its Davyhurst gold mine due to continued underperformance.
deed administrators update to shareholders, page-2
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