RE: Share count31 Oct 2024 22:00
Under the Settlement Proposal, valid creditors will be repaid in full over a period of 12 months, in four quarterly instalments, with the first payment being made within 90 days of exiting the TSP. Guaranteed and Priority Creditors would have priority for repayment, followed by General Creditors. According to the Company's financial registers, the total creditor balance subject to the Settlement Proposal is US$1.6 million.