Some news.... Page 21 of today's Australian has the n0tice of Creditors meeting in respect of the Offer of Compromise proposed by Cupric capital LP....
Must be creditor to make a claim, you can get a copy of the High Court Order from Neill Armstrong (no I didn't make up the name...) [email protected]
The meeting will take place 9 am on the 12th of June, several meetings.
Overview of anticipated dividends:
1. Secured Creditors to get 17.4% (US$20m) plus release of mining fleet
2. 100% to Preferential Creditors (US$5M)
3. 20.4% to Unsecure ccreditors (subject to conditions) ($us6m)
No mention of DML shareholders.......
Notice of Creditors Meeting - Today's Australian Page 21
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