VDM Van Dieman

 

TIDMVDM 
 
RNS Number : 2420V 
Van Dieman Mines plc 
07 July 2009 
 

 
 
7 July 2009 
 
 
VAN DIEMAN MINES PLC 
 
 
Update on the Administration of Van Dieman Mines Pty Ltd 
 
 
Appointment of Liquidators of Subsidiary 
 
 
Further to the announcement of 30 June 2009, the second meeting of creditors of 
Van Dieman Mines PTY Limited ("VDM PTY") was held today in Launceston, Tasmania, 
Australia. 
 
 
At the meeting, the creditors of VDM PTY unanimously resolved: 
 
 
  *  to place VDM PTY in liquidation in accordance with the recommendation of Paul 
  Cook and Johnathan Murrell of Paul Cook and Associates (the "Administrator") 
  with immediate effect. 
  *  to appoint Paul Cook and Associates as liquidator, with Paul Cook and Johnathan 
  Murrell being joint and several liquidators (the "Liquidator"). 
  *  to agree to the scales of remuneration recommended by Paul Cook and Associates 
  to apply to both Administrator and Liquidator. 
 
 
 
The Board of Van Dieman Mines plc is continuing to work with Galena Special 
Situations Master Fund, the Company's major creditor, on mechanisms for the 
financial restructuring of the Company, including reviewing other project 
opportunities. 
 
 
Enquiries 
 
 
+----------------------------------------------+------------------------------------+ 
| VAN DIEMAN MINES PLC                         | Tel: +61 (0) 4 0870 8778           | 
| Mike Etheridge, Chairman                     |                                    | 
|                                              |                                    | 
+----------------------------------------------+------------------------------------+ 
| GRANT THORNTON UK LLP                        | Tel: +44 (0) 20 7383 5100          | 
| Gerry Beaney / Fiona Owen                    |                                    | 
|                                              |                                    | 
+----------------------------------------------+------------------------------------+ 
| FOX DAVIES CAPITAL LIMITED                   | Tel: +44 (0) 20 7936 5230          | 
| Jason Bahnsen, Corporate Finance             |                                    | 
|                                              |                                    | 
+----------------------------------------------+------------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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