After writing to KordaMentha back in mid Feb re claiming a tax loss this is the reply I received 15th March............
Thank you for your patience.
The Deed Administrators were previously provided with conditional approval of the 444GA application by the Court on 21 November 2019 which would allow us to transfer all the shares of Centennial Mining for no consideration. Due to reasons outlined in the attached report, the Amended Varied DoCA was unable to be completed.
As such, the Deed Administrators called another Creditors’ Meeting that was held on 12 February 2020. At the meeting of creditors’, the Oldfield Deed of Company Arrangement was approved by creditors. As there has been a further amendment to the DOCA, the Deed Administrators will be seeking approval of the 444GA application again.
We are currently working on our amended application to the Court and once approved, we will send out a circular to shareholders with a declaration that you will be able to use to claim a capital loss.
Should you have any other queries, please don’t hesitate to contact me.
Thanks
CTL Price at posting:
0.9¢ Sentiment: None Disclosure: Held
