ATH Resources plc Trading Update (0453Z)
01 Marzo 2013 - 3:00PM
UK Regulatory
TIDMATH
RNS Number : 0453Z
ATH Resources plc
01 March 2013
1 March 2013
ATH Resources plc
("The Company")
Trading Update
ATH Resources plc (AIM: ATH), in Administration, today issues
the following announcement.
The Board has been notified by its lender BECAP Capital Coal
Limited, that Hargreaves Services plc (AIM:HSP) has acquired some
of ATH Resources plc and its subsidiaries' banking facilities and
their related rights.
As a result of initial discussions with representatives of
Hargreaves Services plc, the Board understands that a comprehensive
review and restructuring of the Group's business will be required
and that, given the existing level of liabilities in the Company,
it is unlikely that existing shareholder value will be
maintained.
The Board will continue to update the market as appropriate.
For further information:
ATH Resources plc
Alistair Black, Chief Executive Tel: +44 (0) 1302 760 462
Andrew Weatherstone, Finance Director
www.ath.co.uk
Hudson Sandler Tel: +44 (0) 207 796 4133
Charlie Jack / Katie Matthews www.hudsonsandler.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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