News: CCE KordaMentha Restructuring Says Carnegie Clean Energy Executed Deed Of Company Arrangement

May 15 (Reuters) - KordaMentha Restructuring :

• CARNEGIE CLEAN ENERGY EXECUTED DEED OF CO ARRANGEMENT WITH MOONEY & PARTNERS AND ASYMMETRIC INVESTMENT MANAGEMENT
• DOCA EXTINGUISHES CERTAIN PRE-ADMINISTRATION CREDITOR CLAIMS AND CONVERTS A PROPORTION OF CARNEGIE'S DEBT TO EQUITY
• CARNEGIE WILL SHORTLY BE ISSUING ITS PROSPECTUS TO COMPLETE A CAPITAL RAISING OF NOT LESS THAN $5 MILLION
• PART OF RESIDUAL DEBT TO BE RESTRUCTURED & CARRIED OVER TO RECAPITALISED CARNEGIE IN FORM OF NEW CONVERTIBLE NOTES DUE 2021
• CARNEGIE'S LOSS-MAKING SUBSIDIARY ENERGY MADE CLEAN PTY LTD HAS BEEN PLACED INTO LIQUIDATION