Calidus Resources Ltd. (AU:CAI) has released an update.
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Creditors of Calidus Resources Ltd have agreed to move forward with a Deed of Company Arrangement (DOCA) proposed by the West Coast group, offering a positive outcome for the company’s operations, employees, and suppliers. The proposal, which received broad support, aims to continue business operations and provide better returns to creditors compared to liquidation. An important aspect of the DOCA includes the transfer of all Calidus shares to West Coast Gold Pty Ltd, pending court approval and independent valuation.
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