Calidus Resources Awaits Crucial Creditors’ Decision

Calidus Resources Ltd. (AU:CAI) has released an update.

Calidus Resources Limited, currently under voluntary administration, has scheduled a concurrent second meeting of creditors for September 27, 2024, to decide the company’s fate. The administrators recommend creditors accept a Deed of Company Arrangement (DOCA) proposal from West Coast group, a related party of the secured lender, as it presents a better return than immediate liquidation. No alternative DOCA proposals have emerged that warrant consideration for delaying this meeting.

For further insights into AU:CAI stock, check out TipRanks’ Stock Analysis page.