Deed of Company Arrangement from the Ian Middlemas shell Arredo Pty Ltd is now being recommended by KPMG. Details available here:
https://assets.kpmg/content/dam/kpmg/au/pdf/creditors/salt-lake-potash/salt-lake-potash-addendum-supplementary-creditors-report-29-november-2022.pdf
See Section 2/page 6 onwards of the doc.
Effectively a $1.4m contribution from Arredo to pay out KPMG’s fees and what is owed to the former employees. With 1.2c in the dollar going to unsecured creditors.
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