StockMarketWire.com - Mining and maintenance support company Management Resource Solutions confirmed that voluntary administrators had been appointed to five its operating subsidiaries.

The appointment was made by Hermes Capital, a secured creditor, with reference to a facility announced in May.

'The company and its Australian financial advisers met with the voluntary administrators yesterday to ascertain their plans,' the company said.

'The administrators have confirmed that it is 'business as usual' for the operating companies, and they have sufficient capital to trade the businesses, whilst they call for options to recapitalise the businesses.'

A creditors' meeting was scheduled for 16 September. The company's shares would remain suspended from trading.




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