The creditors of ASX-listed Gascoyne Resources have approved a deed of company arrangement (DOCA) as part of a broader recapitalisation and relisting plan for the gold miner.
The DOCA and associated recapitalization and relisting plan was formulated with the objective of Gascoyne continuing to operate under its current group structure, with the DOCA intended to allow all unsecured creditors to receive up to 100c on the dollar in respect of their pre-appointment claims.