Zeta Resources proposes deed of company arrangement for Panoramic Resources Limited

Zeta Resources Limited (ASX:ZER) has proposed a Deed of Company Arrangement (DOCA) for Panoramic Resources Limited and associated entities. The proposed DOCA, to be considered at the reconvened second meeting of the Panoramic Companies' creditors on Wednesday, 2 October 2024, aims to make Zeta or one of its wholly owned subsidiaries the 100% owner of all of the shares in Panoramic Resources Limited.

Zeta Resources' Executive Commentary on Proposed DOCA

The proposed DOCA is a strategic move for Zeta Resources Limited, aiming to consolidate its ownership of Panoramic Resources Limited shares. This proposal aligns with our investment aim to maximize total returns for shareholders by identifying and investing in resource assets and companies where the underlying value is not reflected in the market price.

Summary of Zeta Resources' Proposed DOCA for Panoramic Resources Limited

Zeta Resources Limited (ASX:ZER) has proposed a Deed of Company Arrangement (DOCA) for Panoramic Resources Limited and associated entities, with the intention of becoming the 100% owner of all of the shares in Panoramic Resources Limited. The proposed DOCA is subject to various conditions precedent, including creditor approval, FIRB approval, and resolution of outstanding claims. If implemented, the DOCA will establish a creditors trust fund and provide interim funding to certain Panoramic Companies. This strategic move reflects Zeta's commitment to maximizing total returns for shareholders and consolidating its ownership in resource assets and companies.