Calidus Resources Ltd. (AU:CAI) has released an update.
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Calidus Resources Ltd. has been granted a court order to delay the second creditors meeting for up to six months, moving it to February 4, 2025. This postponement will allow the company’s Administrators and Receivers more time to investigate Calidus’ affairs and to potentially sell or recapitalize the business. The extension is supported by key stakeholders and aims to maximize returns for creditors and improve the likelihood of successful recapitalization.
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