FTI Consulting administrators recommend support for bid to revive fallen nickel miner Panoramic Resources

by Pelican Press
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FTI Consulting administrators recommend support for bid to revive fallen nickel miner Panoramic Resources

Shareholders will receive nothing and unsecured creditors 10¢ on the dollar under a recommended rescue proposal for Panoramic Resources, which has been tabled by an investment fund that once thwarted an IGO takeover of the now-failed nickel miner.

ASX-listed Zeta Resources, which owns 15.3 per cent of Panoramic, has put forth a deed of company agreement that administrators FTI Consulting recommend creditors should vote in favour of.



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