Rockwell perplexed as BRP opts to place 3 subsidiaries into liquidation, despite possible offer

Canadian alluvial diamond miner Rockwell Diamonds remains in the dark as to why business rescue practitioner (BRP) Metis Strategic Advisors had chosen to file a motion in the Kimberley High Court, on Thursday, to place the company's three subsidiaries back in provisional liquidation, when a rescue offer is set to be finalised on Monday. The TSX- and JSE-quoted company, which operates a portfolio of alluvial diamond mines in South Africa, reported that, following several discussions with three interested parties regarding a rescue transaction, a letter of intent by one party was sent to Metis on Wednesday.