Rockwell perplexed as BRP opts to place 3 subsidiaries into liquidation, despite possible offer

September 17, 2017

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Canadian alluvial diamond miner Rockwell Diamonds said Friday it remains in the dark as to why business rescue practitioner (BRP) Metis Strategic Advisors had chosen on Thursday to file a motion in the Kimberley High Court to place the three subsidiaries back in provisional liquidation, when a rescue offer is set to be finalised on Monday.
The TSX- and JSE-quoted company, which operated a portfolio of alluvial diamond mines in South Africa, reported that following several discussions with three interested parties regarding a rescue transaction, which resulted in a letter of intent by one party being sent to Metis on Wednesday.

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