Gold prices steady ahead of Fed decision, Trump’s tariff deadline
LONDON - Bushveld Minerals Limited, a mining company previously listed on the AIM market of the London Stock Exchange (LON:LSEG), has entered into liquidation with the appointment of Adrian Rabet and Clive Fortis (NYSE:FTS) of Begbies Traynor Group (LON:BEG) as joint liquidators, as per an announcement on April 15, 2025.
Following this development, SP Angel Corporate Finance LLP has stepped down as the nominated adviser and broker to Bushveld. According to AIM Rule 1, Bushveld must appoint a new nominated adviser within one month of the resignation of SP Angel or face cancellation of its shares’ admission to trading on AIM. The company has expressed no plans to seek a new adviser, indicating that its shares will likely be removed from the AIM market.
The trading of Bushveld’s ordinary shares had already been suspended on the AIM prior to the liquidation announcement. Despite the company’s current status, negotiations are underway with third parties concerning the potential sale of Bushveld’s energy assets. These negotiations will now be managed by the appointed liquidators. However, the outcome of these discussions remains uncertain, with no assurances given that a successful sale will be achieved.
The decision to liquidate follows the earlier announcement made on April 11, 2025, which led to the recent legal proceedings in the Commercial Court of Guernsey. The move to liquidation marks a significant shift for the company, which had been involved in mining and processing mineral resources.
For further information regarding the liquidation process, the appointed liquidators Adrian Rabet and Clive Fortis can be contacted. This news is based on a press release statement and aims to provide a factual report on the events surrounding Bushveld Minerals Limited’s current situation.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.