shareholders plan to lead relisting of ccu

Dear all,

CCU's recent capital raising via SPP generated $3m+ out of the required $8m, and due to it being insufficient to meet creditor's demand, it was forced into voluntary administration. (the SPP Investor Presentation file is here :- http://ccrlimited.com.au/wp-content/uploads/2014/03/20140305-Investor-Presentation.pdf)

15 investors (and growing) from Hotcopper have since joined our campaign to re-list CCU, and I have represented the group to get in contact with Stephen Longley of PPB Advisory who is the Administrator handling CCU's voluntary administration.

We received a positive response from Stephen in an email back to us yesterday:


"We are presently exploring options for CCU, which involves a dual track process covering a traditional trade sale and also a restructure of the legal entity by way of refinance and equity raising. We are in discussions with a number of existing stakeholders and further

meetings are planned in the coming week to see if a restructuring and capital raising is achievable.

Restructure plans which require capital raisings and refinancing of existing debt are not overly common in voluntary administrations, however, we are seriously exploring this option as we believe it would definitely work for CCU. That being said, it will only happen if shareholders (existing and prospective) step forward to drive this process and meet the costs of doing so."

-- Stephen Longley, PPB Advisory, CCU Adminstrator


To us the positive thing about this is that Stephen is supportive and mentioned that his team is seriously exploring this option of a restructure plan that requires capital raising and refinancing of existing debt, and that it 'will definitely work for CCU' even after speaking with a number of existing stakeholders.

Whether you are an existing CCU shareholder, prospective CCU shareholder, or an ex-CCU-shareholder, and if you believe in CCU's (and Price of Silver) ability to rebound after a debt refinancing and become a successful Australian Silver Producer- I would encourage you to sign up to our growing "Re-listing CCU" private campaign forum at this link : http://re-listing-ccu.forumotion.com/. From there, sign up to the forum and reply to the main petition thread indicate genuine interest to support any possible capital raising to re-list CCU.

We plan to pass the result of this petition to the administrator to provide an indication the support CCU still has from us retail investors --- in order that it will add more weight to support the administrator going down the path of capital raising and refinancing of existing debt for CCU in order to re-list on the ASX. Please support !!! (Even if you do not wish to join the capital raise but wish to support our cause, a thumbs up on this post would help heaps!)

Regards,
Nigel Goh (gelxi)