REG - G3 Exploration Ltd - Corporate Update
RNS Number : 0818EG3 Exploration Limited02 July 20212 July 2021
G3 EXPLORATION LIMITED
("G3 Exploration", "G3E" or the "Company")
Corporate Update
Please be advised that on 11 November 2020 in accordance with the Cayman Islands Companies Winding Up Rules ("CWRs"), the Joint Official Liquidators ("JOLs") determined that the Company should be treated as of doubtful solvency. Due to that certification of doubtful solvency both the Company's creditors and shareholders were deemed to potentially have an economic interest in the official liquidation.
On 2 July 2021, again in accordance with the CWRs, the JOLs changed their determination of solvency and now hereby determine that the Company should be treated as insolvent. The JOLs have filed the formal certificate with the Grand Court of the Cayman Islands to confirm this determination. The effect of this change in the determination of solvency is that now only the Company's creditors are deemed to have an economic interest in the official liquidation.
Please be advised that the JOLs may change their determination again in the light of future changes of relevant circumstances and / or their assessment of the Company's financial position.
Yours faithfully,
Christopher Kennedy
Joint Official Liquidator
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDUPDFLFSTDSIFIIL
Recent news on G3 Exploration
See all newsREG - G3 Exploration Ltd - Corporate Update
AnnouncementREG - G3 Exploration Ltd - Corporate Update
AnnouncementREG - G3 Exploration Ltd - Corporate Update
AnnouncementREG - G3 Exploration Ltd - Corporate Update
AnnouncementREG - G3 Exploration Ltd - Strategy/Company/Ops Update
Announcement