Bos Glb Hldgs Regulatory News (BOS)

29 Sep 2006 07:00

Murchison United NL29 September 2006 ASX,AIM and media release 29 September 2006 Maroochydore Copper Project Receives Creditors Approval The directors of Murchison United NL (ASX: MUR, AIM: MUU) are pleased to confirmthat at a creditors meeting of Renison Bell Limited (Subject to Deed of CompanyArrangement) held today in Hobart, Tasmania a resolution was passed to approveamending the DOCA such that the interest in the Maroochydore Copper Project inWestern Australia is excluded from the DOCA. This will enable Renison Bell toassign the interest in the Maroochydore Copper Project to another subsidiary ofMurchison. Renison Bell Limited (Subject to Deed of Company Arrangement) prior to theappointment of Administrators owned the Renison Bell tin mine in Tasmania and a50% share in the Maroochydore Copper Project. During Administration the tin mineoperations were sold to a third party. To complete the DOCA and the return ofRenison Bell to Murchison all creditors (excluding Murchison) will be offered byMurchison an amount of A$170,000 and 12,500,000 fully paid ordinary shares inMurchison. This will enable Renison Bell's share of the Maroochydore CopperProject to be transferred to a new subsidiary of Murchison. The Directors are pleased with this result and look forward to settlement of thetransfer in due course. .......................... Mark ReillyManaging Director This information is provided by RNS The company news service from the London Stock Exchange