WPG Resources Ltd. confirmed the appointment, by the Board of the Company, of the joint and several administrators to the Company and each of its the subsidiaries. The company announced that each of Mr. Gregory Dudley, Mr. Jonothan Colbran and Mr. Richard Stone, of RSM Australia Partners, were appointed as Joint and Several Receivers and Managers to each of the companies within the Group. The Receivers have taken immediate possession of all relevant assets of the Group and are in charge of all operating activities. The Receivers are also in communications with the Administrators to ensure an efficient transition of the operations of the Group. The appointment of the Receivers is made, as a consequence of a default of the Group constituted by the appointment of the Administrators. As announced on 27 December 2017, Byrnecut Offshore Pty Ltd. ACN 122 218 688 provided relevant financial accomodation to the Group, secured by the assets of the Group, and has now enforced its security with the appointment of the Receivers.