doca received from coote

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.