Not fantastic news, but it seems like the best of what we could...

Not fantastic news, but it seems like the best of what we could expect will happen.

Creditors approve DOCA allowing trading of shares in due course - The recent Creditors’ Meeting held on Friday last week in Perth resulted in the best possible outcome for View Resources shareholders. Essentially, creditors voted in favour of the Deed of Company Administration (DOCA) that was proposed by a subsidiary of the company’s biggest shareholder, IMC Resources (Australia) Pty Ltd. This clears the path for View’s shares to eventually resume trading on the ASX.....

So despite the trials and tribulations for shareholders of the past six months or so, investors can at least be reasonably confident of having their shares trading again, albeit at a lower level than their pre-suspension level.

..... We have had discussions with View’s administrators, Ferrier Hodgson, over recent days, but a timetable and timeframe as far as immediate developments are concerned is difficult to formulate. What we can be certain about however is that major shareholder, Austral-Asia Resources, will want to appoint a new board of directors.