By Christian Moess Laursen
Scotgold Resources could appoint administrators over the coming days after a prospective investor withdrew from funding discussions, the gold-mining company said Friday.
Trading of shares in the London-listed miner has been suspended for several weeks after the company said it will need significant funding to avoid default.
The directors of the company are assessing the remaining strategic options and are in open discussions with existing funders, which could result in the appointment of administrators over the coming days, it said.
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