Appointed administrators to a large ASX-listed lithium miner and its subsidiary by the secured financier who held secured debt in excess of US$180m (circa $232m AUD). Two deeds of company arrangement (from separate proponents) were effectuated with the subsidiary’s shares being sold to another listed entity for circa US$179m ($230m AUD) and control of the ASX-listed lithium miner returned to the board of directors.
Appointed administrators to a large ASX-listed lithium miner and its subsidiary by the secured financier who held secured debt in excess of US$180m (circa $232m AUD). Two deeds of company arrangement (from separate proponents) were effectuated with the subsidiary’s shares being sold to another listed entity for circa US$179m ($230m AUD) and control of the ASX-listed lithium miner returned to the board of directors.
