P E R T H Level 26 BankWest Tower 108 St George’s Terrace Perth WA 6000 Australia GPO Box 2537 Perth WA 6001 phone +61 8 9214 1444 fax +61 8 9214 1400 email [email protected] www.ferrierhodgson.com ADELAIDE BRISBANE NEWCASTLE MELBOURNE SYDNEY HONG KONG JAKARTA KUALA LUMPUR MANILA MUMBAI SHANGHAI SINGAPORE TOKYO Affiliated through Zolfo Cooper and Kroll Worldwide UNITED STATES UNITED KINGDOM nfl-d11-supplementary report apu 2009 10 16 Ferrier Hodgson is an affiliation of independent partnerships Liability limited by a scheme approved under the Professional Standards Legislation 16 October 2009 NATURAL FUEL LIMITED ACN 106 760 418 (“Administrators Appointed”) (“NFL”) SUPPLEMENTARY CIRCULAR TO ADMINISTRATORS’ REPORTS DATED 12 OCTOBER 2009 I refer to the Administrators’ Report to Creditors of NFL dated 12 October 2009 (“Reports”). This Supplementary Circular should be read in conjunction with this Report. I advise that subsequent to production of the Report, a further Deed of Company Arrangement (“DOCA”) proposal was submitted from Coote Industrial Ltd (“Coote”) at around 4pm on 16 October 2009. I note that we are still in the process of reviewing the terms of the Coote DOCA proposal, to determine whether or not the proposal is capable of being implemented, given the proposed mandatory conversion of debt to equity for bondholders. We must also consider whether or not creditors are able to vote on said proposal at the reconvened second meeting of creditors to be held on 20 October 2009. I enclose for your review a copy of the DOCA proposal submitted by Coote. Should you have any queries in relation to this matter please do not hesitate to contact either Sean Holmes or Adam Puddy at this office. Yours faithfully ANDREW SAKER Joint and Several Administrator of Natural Fuel Limited Encl.
BGC Price at posting:
3.9¢ Sentiment: Hold Disclosure: Held
