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.
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