Investor attempts to have Connemara Mining wound up

A shareholder in a mining exploration company headed by entrepreneur John Teeling has asked the High Court to wind up the firm, alleging it is insolvent and unable to pay its debts.

Connemara Mining plc, chaired by Mr Teeling, is opposing the winding-up petition brought by UK mining finance company Trampus Ltd.

Connemara says it has not failed to pay debts and also says Trampus cannot seek a winding up because it is not a creditor.