Brief: Nordic Mining Says Bankruptcy Only Remaining Option If No Solution Found
BRIEF-Nordic Mining Says Bankruptcy Only Remaining Option If No Solution Found Oct 14 (Reuters) - Nordic Mining ASA NOM.OL:
SAID ON TUESDAY HAS SO FAR BEEN UNABLE TO SECURE SUFFICIENT SHORT-TERM LIQUIDITY
BOARD IS EXPLORING POSSIBLE SOLUTION THAT CAN ADDRESS IMMEDIATE LIQUIDITY NEEDS AND FORM BASIS FOR LONG-TERM SOLUTION
IF NO SOLUTION IS FOUND, BOARD'S ONLY REMAINING OPTION WILL BE TO INITIATE BANKRUPTCY PROCEEDINGS
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