Infratech Mining Ltd (In Liq) which was directed by former bankrupt Robert James Cottle, was put into liquidation by one of its creditors on 26 June 2015 in the Nelson High Court. It was 74.05% owned by Infratech Group Ltd, and described by Cottle on Companies Office records as a “Holding Company – passive investment in subsidiary companies”. Private investors, many from Nelson, New Zealand, owned the remaining 25.06% of the company shares. A Liquidation report prepared by the Official Assignee has revealed that $1.9m had been raised by Infratech Mining from shareholders, mostly from the Nelson region, along with total claims by creditors of $4.3m. [Read more…]