RE: ⬆️⬆️ 120%1 Jul 2025 16:23
Good question Milktray. Have just quickly scanned last few recent RNS's, but to no avail or enlightenment to your valid question.
ARB are looking for financial restructuring with Growler Mining, to prevent liquidation.
The Company has actively been exploring solutions to address its capital structure and liquidity position. Following a review of the available and deliverable options with its legal and financial advisors, Argo is now proposing to implement a restructuring through a restructuring plan to be sanctioned by the High Court of England and Wales or other court in England and Wales of competent jurisdiction ("Court") under Part 26A Companies Act 2006 ("Restructuring Plan").
Argo and Growler Mining, LLC n/k/a Growler Mining Tuscaloosa, LLC ("Growler") have entered into a restructuring plan support agreement under which Growler has agreed to provide a senior secured multi-draw term loan to Argo ("Loan") for the purposes of providing working capital to Argo and its subsidiaries and to assist Argo to implement a financial restructuring which the board has concluded is necessary to avoid an uncontrolled insolvency and liquidation of Argo and its subsidiaries ("Restructuring").