CREDITORS of Wiluna Mining Corporation, which slipped into voluntary administration about a year ago, have approved a deed of company arrangement that will allow the company to keep going, even though unsecured creditors will only likely get 5c in the dollar back.
The plan is to keep processing tailings and gradually ramp-up other operations.
Under the DOCA the voluntary administrators appointed to WMC on July 20 2022, Michael Ryan, Kate Warwick, Ian Francis and Daniel Woodhouse from FTI Consulting, will become the deed administrators and work...
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