CCU 0.00% 5.8¢ cobar consolidated resources limited

voluntary administration, page-2

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    Silver has been a curse for most ,bad news continues.
    Company advised on 21 February was required to restore its working capital
    position and meet a scheduled repayment to Commonwealth Bank of
    Australia.
    All subscriptions received under the Share Purchase Plan, which closed on 14
    March 2014, will be refunded to shareholders.
    At 5.10pm on 18 March 2014 the Board of Directors of Cobar Consolidated
    Resources Limited appointed Stephen Longley, David McEvoy and Christopher
    Hill of PPB Advisory as Administrators pursuant to Section 436A of the
    Corporations Act. At subsequent meetings on 18 March 2014 the Boards of
    Cobar subsidiaries, Silver Corporation of Australia Pty Ltd, CCR De Nardi Pty
    Ltd, CCR Gundaroo Pty Ltd and CCR Bundoon Pty Ltd also appointed the
    same Administrators.
    A detailed information release to the ASX providing indicative timeframes for
    the Administration process will follow in due course.
    The following link to the ASIC website provides some information for
    shareholders regarding the Voluntary Administration process.
    http://www.asic.gov.au/asic/ASIC.NSF/byHeadline/Shareholders%20-
    %20Voluntary%20administration
 
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