Voluntary Administrators Appointed Mallee Resources Limited (“Mallee” or “the Company”) advises that the Company has appointed Robert Kirman, Matthew Caddy and Shaun Fraser of McGrathNicol as Voluntary Administrators to the Company. The debt facilities provided by Hartree Partners (“Hartree”) became due and payable upon the expiration of the debt standstill agreement, midnight on Monday 4 September. The Company has insufficient capital to repay the amounts owing and discussions with potential financiers had not reached a stage where binding financing facilities had been agreed. Creditors, shareholders and other stakeholders are advised to contact McGrathNicol [email protected] to seek further information about the Company’s Voluntary Administration process.
MYL Price at posting:
70.0¢ Sentiment: None Disclosure: Held
