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39,023.71
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78.00
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2,163.90
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109.15
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17,093.50
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39,023.71
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7,747.81
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0.6617
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109.15
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78.00
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Gold
2,163.90
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46.11
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Iron Ore
109.15
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39,023.71
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38,797.51
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46.11
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Iron Ore
109.15
(1.77%)

Austral Resources Australia (ASX: $ARI) appoints receivers for secured debt

Austral Resources Australia's Receivership Announcement


Austral Resources Australia Ltd (ASX: $ARI) has announced that Win Finance No. 359 Pty Ltd. (Wingate) has appointed joint and several receivers and managers from Deloitte to handle a secured debt owed by Austral Operations. The appointed receivers are Sean Holmes, Jason Tracy, and Grant Sparks.

Executive Commentary on Receivership


Austral will continue to engage in constructive negotiations with the appointed Receivers and other stakeholders. The Company is committed to keeping the market informed of any developments as necessary.

Summary of Austral Resources Australia's Announcement


Austral Resources Australia Ltd (ASX: $ARI) has been subjected to the appointment of joint and several receivers and managers from Deloitte by Wingate, in relation to a secured debt owed by Austral Operations. The Company will continue to engage with the Receivers and other stakeholders, and will provide updates to the market as required. Austral Resources Australia remains focused on managing this situation and maintaining transparency with its shareholders and the market.

AUSTRAL RESOURCES AUSTRALIA LTD
AR1 | ASX | Materials
0.160(+0%)
At close 05/07 (AEDT)
Market cap
$-1
Volume
0
DY Yield
0
PE Ratio
8
52 Week Range
0 - 0.23
1YR Return
N / A

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