June 9 (Reuters) - MLG OZ Ltd (MLG) :
- HAS NOW FULLY DECOMMISSIONED TWO PLANTS AND TRANSPORTED ALL COMPONENTS TO PURCHASER
- A$7.0M FOR INSTALMENT 3 IS NOW EXPECTED AND DUE TO BE RECEIVED IN LINE WITH PROVISIONS UNDER ASSET SALE AGREEMENT
- AS OF JUNE 9, NET PROCEEDS RECEIVED TOTAL A$11.4M WHICH INCLUDED DECOMMISSIONING AND TRANSPORTATION COSTS
- NON-CASH LOSS ON SALE OF PLANTS ANTICIPATED TO BE CIRCA A$6.0M
- A$17.0M NET PROCEEDS WILL REDUCE MLG'S DEBT POSITION & PROVIDE ADDITIONAL WORKING CAPITAL INTO BUSINESS
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