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Antilles Gold ( (AU:AAU) ) just unveiled an announcement.
Antilles Gold Limited announced the nearing completion of the voluntary liquidation of its former subsidiary, EnviroGold (Las Lagunas) Limited. The liquidation process has seen the sale or scrapping of equipment, completion of site rehabilitation, and full payment to staff. A settlement agreement with the Dominican Republic’s Minister for Energy and Mines has resulted in a net entitlement of approximately A$4.2 million for EnviroGold. Creditors, including Antilles Gold Technologies Pty Ltd, are expected to receive their pro-rata entitlement from the liquidation proceeds by the end of the year. The decision to pursue a US$750,000 judgment against a local crane hire company remains pending.
More about Antilles Gold
Antilles Gold Limited operates in the mining industry, focusing on gold extraction and related activities. The company is involved in projects that aim to recover gold from tailings and other mining by-products, with a market focus on regions like the Dominican Republic.
Average Trading Volume: 3,729,994
Technical Sentiment Signal: Sell
Current Market Cap: A$31.07M
For a thorough assessment of AAU stock, go to TipRanks’ Stock Analysis page.