Bens Creek Group PLC Update on the Group's Chapter 11 process
30 April 2024 - 7:02PM
RNS Regulatory News
RNS Number : 5904M
Bens Creek Group PLC
30 April 2024
30 April 2024
Bens Creek Group
plc
("Bens Creek", the "Company" or
the "Group")
Update on the Group's Chapter
11 process (the "Chapter 11
Process")
Bens Creek Group plc (AIM:BEN), the
owner of a metallurgical coal mine in North America supplying the
steel industry, announces that the preliminary court
hearing, scheduled to be held in West Virginia yesterday to
consider, inter alia, the
term sheet for a $14.5 million debtor-in-possession financing
facility from Avani Resources Pte Ltd, was adjourned until 8 May
2024 at the request of the Company's US legal
counsel.
The request was as a result of the court
receiving a second debtor-in-possession finance offer. The
adjournment will allow the court time to consider both
debtor-in-possession financing proposals.
Further announcements will be made by the
Company as appropriate.
For
further information please contact:
Bens
Creek Group plc +44
(0) 204 558 2300
Adam Wilson, CEO
Peter Shea, Chief of Staff
Allenby Capital Limited (Nominated Adviser and Joint
Broker) +44
(0) 203 328 5656
Nick Athanas / Nick Naylor / George Payne (Corporate Finance)
Kelly Gardiner / Guy McDougall (Sales and Corporate
Broking)
WH
Ireland Limited (Joint Broker)
Harry Ansell / Katy Mitchell
+44
(0) 207 220 1666
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