The proposed recapitalisation plan offered by Amaroo Blackdown Investments to Bounty Mining was rejected in a shareholder vote in yesterday’s (September 30) general meeting.
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Bounty funding saga comes to a head at general meeting
Drama arose when Bounty Mining began negotiating a recapitalisation and new funding package with Amaroo Blackdown Investments. In response to this proposal, QCoal Group delivered other refinancing proposals to Bounty.
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