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Microsoft Word - CML ASX Release
ASX Release (DML)
Discovery Metals Limited Appoints Administrators
Discovery Metals Limited appointed Michael Ryan and Stefan Dopking of FTI Consulting as administrators, effective 27 February 2015. The appointment was made by the Company's directors pursuant to section 436A of the Corporations Act 2001.
The Administrators are working with the Company's management team and secured lenders to fully understand the options available to the Group, which may potentially include; seeking expressions of interest to purchase the business and assets, a restructure or recapitalisation of the Group.
Michael Ryan & Stefan Dopking
Administrators
Please direct all media enquiries to
Cameron Morse
Senior Director - Corporate and Public Affairs
Strategic Communications
FTI Consulting
+61 (0) 8 9485 8888 T | +61 (0)433 886 871 M
[email protected]
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Discovery Metals Limited
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EXPLORATION STAGE |
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CODE : DML.AX |
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ISIN : AU000000DML9 |
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Discovery Metals is a nickel and silver exploration company based in Australia. Discovery Metals holds various exploration projects in Australia. Its main exploration properties are DIKOLOTI, MAUN, ZETA (BOSETO COPPER) and BOSETO COPPER in Botswana and OPHION in Australia. Discovery Metals is listed in Australia. Its market capitalisation is AU$ 12.2 millions as of today (US$ 8.8 millions, € 7.8 millions). Its stock quote reached its highest recent level on April 27, 2012 at AU$ 1.82, and its lowest recent point on February 06, 2015 at AU$ 0.01. Discovery Metals has 644 040 000 shares outstanding. |