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0.3¢ international goldfields limited...

Yes you are technically correct But IGS owns 95% of Latin Gold...

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The Mole

948 Posts.

122

22/09/17

20:41

Post #: 27406836
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Originally posted by MeToo ↑

IGS are not in court in London!

Unless there is news that IGS has not updated the market with?

Page 4 of IGS' 14-July-2017

Corporate update

"3. LATIN GOLD
Latin Gold, which owns the Brazilian gold assets and in which the Company holds an approximate 95% interest, has had a liquidator appointed.
The Company was not aware that an action to wind up Latin Gold had been made to the courts and that the courts had allowed this application to proceed.
IGS has retained UK counsel to act for it in regards to this matter and it is also proactively working with the appointed liquidator to maximise value for all creditors.
The Company holds Convertible Notes (in addition to its shareholding) in Latin Gold valued at approximately £3,446,301."
I Wonder who the directors of Latin Gold are?

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Yes you are technically correct

But IGS owns 95% of Latin Gold so basically IGS is in court in that it has appointed legal advisors at the cost of at least of 14,000pounds a day, that nearly $AUD23,500 per day.

As noted previously above there goes another $200,000.

IGS Price at posting: 0.3¢ Sentiment: Hold Disclosure: Held
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Add IGS (ASX) to my watchlist