Silver has been a curse for most ,bad news continues.Company...

Silver has been a curse for most ,bad news continues.
Company advised on 21 February was required to restore its working capital
position and meet a scheduled repayment to Commonwealth Bank of
Australia.
All subscriptions received under the Share Purchase Plan, which closed on 14
March 2014, will be refunded to shareholders.
At 5.10pm on 18 March 2014 the Board of Directors of Cobar Consolidated
Resources Limited appointed Stephen Longley, David McEvoy and Christopher
Hill of PPB Advisory as Administrators pursuant to Section 436A of the
Corporations Act. At subsequent meetings on 18 March 2014 the Boards of
Cobar subsidiaries, Silver Corporation of Australia Pty Ltd, CCR De Nardi Pty
Ltd, CCR Gundaroo Pty Ltd and CCR Bundoon Pty Ltd also appointed the
same Administrators.
A detailed information release to the ASX providing indicative timeframes for
the Administration process will follow in due course.
The following link to the ASIC website provides some information for
shareholders regarding the Voluntary Administration process.
http://www.asic.gov.au/asic/ASIC.NSF/byHeadline/Shareholders%20-
%20Voluntary%20administration