ATH Resources plc Trading Update (0453Z)

TIDMATH

RNS Number : 0453Z

ATH Resources plc

01 March 2013

1 March 2013

ATH Resources plc

("The Company")

Trading Update

ATH Resources plc (AIM: ATH), in Administration, today issues the following announcement.

The Board has been notified by its lender BECAP Capital Coal Limited, that Hargreaves Services plc (AIM:HSP) has acquired some of ATH Resources plc and its subsidiaries' banking facilities and their related rights.

As a result of initial discussions with representatives of Hargreaves Services plc, the Board understands that a comprehensive review and restructuring of the Group's business will be required and that, given the existing level of liabilities in the Company, it is unlikely that existing shareholder value will be maintained.

The Board will continue to update the market as appropriate.

For further information:

 
ATH Resources plc 
 
Alistair Black, Chief Executive        Tel: +44 (0) 1302 760 462 
Andrew Weatherstone, Finance Director 
                                                   www.ath.co.uk 
 
 
 
 
 
Hudson Sandler                         Tel: +44 (0) 207 796 4133 
Charlie Jack / Katie Matthews              www.hudsonsandler.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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