Post by
Hultholm on Jul 25, 2014 6:35pm
Stephanie Ashton – CFO
Thank you for your email. It is a very difficult market for Junior Mining companies, and despite the excellent project and it's potential, the current gold price and difficult access to capital via the traditional public market has affected Seafield along with its peers.
We have been running a process to recapitalize the company since last quarter of 2013, and continue to progress efforts in this direction while also confronting the debt the company has with RMB Resources in order to achieve the best possible outcome for all stakeholders.
As soon As we have something to announce, we will do so.
Sincere regards,
Stephanie