Avocet Mining plc (LSE:AVM) announced that its Board has completed the review of Avocet's future strategy following the sale of its last significant equity interest, as announced on 18 June 2019. Having considered all available options for the future of Avocet, the Board has resolved that the residual cash sum shall be used in the short term to pay its limited ongoing expenses and to repay any remaining unsecured creditors, following which it is proposed that Avocet will be placed into a members' voluntary liquidation with residual assets, if any, returned to its shareholders.