POG should help. Good mgt would be even better.
"Execution of Deed of Company Arrangement
Minera Gold Limited (ASX:MIZ) (Deed Administrators Appointed) advises that the reconvened second
meeting of creditors was held on Thursday, 8 October 2015. At that meeting, creditors resolved that MIZ
executes a Deed of Company Arrangement (DOCA) as proposed by Andina Resources Limited (Andina)
under Part 5.3A of the Corporations Act. The DOCA was subsequently executed on 15 October 2015.
Limited short term funding will be provided during implementation in order to allow the Peruvian
operations to continue while the overall restructure is implemented. This is a pleasing result for all
stakeholders.
The Andina DOCA includes a recapitalisation component. In that regard, shareholders will be invited to
consider and vote on the recapitalisation of MIZ at a shareholders’ meeting to be convened. Notice of
this meeting along with additional information on the recapitalisation will be prepared and provided to
shareholders in due course."
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