Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
ASX-listed Pluton Resources has, again, been placed under administration after its board accepted a recapitalisation and restructuring plan from shareholder General Nice Recursos Commercial Offshore De Macau (GNR). The recapitalisation proposal would see GNR provide significant financial support to Pluton over the coming months, including a A$28-million finance facility that would be advanced by way of a 36-month convertible loan.
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