Argos Resources has confirmed that at the general meeting of the Company held on 22 September 2023 ('GM'), all resolutions proposed were duly passed.
Following the passing of the Resolutions and completion of the disposal of the Company's PL001 Production licence interests in the North Falkland Basin, the Company has been placed into members voluntary liquidation ('MVL') and Paul Michael Davis and Joanne Kim Rolls of Opus Restructuring LLP have been appointed as joint liquidators of the Company.
Further information on the MVL process will be communicated to the Company's shareholders via post/email initially, with further information thereafter being issued via Opus' website 'creditor portal'. Further details confirming the website and login details will be provided by Opus in the forthcoming weeks via a 'General Use of Website' notice. Opus will manage the distribution of the surplus assets of the Company (after satisfying the Company's liabilities), which is expected to include the distribution to Argos' shareholders of approximately 7.9 million JHI Common Shares.
All queries regarding the Company or the liquidation process should now be directed to Opus.
Cancellation of Admission of the Company's Shares to Trading on AIM
The Company confirms that the admission of the Company's shares to trading on AIM will be cancelled with effect from 7am on 26 September 2023. The ongoing suspension of trading in the Company's shares will remain in place.
Resignation of Nominated Adviser and Broker
Following the appointment of the joint liquidators, Cavendish Securities resigned as the Company's nominated adviser and broker with immediate effect.
See related article: Argos Resources announces update on proposed sale of North Falkland Basin interests to JHI Associates (May 3 2023)
Source: Argos Resources
