Second Meeting Of Creditors Of Company Under Administration

Centennial Mining Ltd

ACN: 149308921

ABN: 50149308921

Maldon Resources Pty Ltd

ACN: 090458665

ABN: 17090458665

Published: 10/5/2019

The purpose of the meeting(s) is:

  1. to receive the report by the Administrator(s) about the business, property, affairs and financial circumstances of the Company(ies); and
  2. to receive a statement of Administrator(s) opinion and reasons for the opinion:
    1. whether it would be in the creditors ' interests for the Company(ies) to execute a deed of company arrangement;
    2. whether it would be in the creditors ' interests for the administration to end;
    3. whether it would be in the creditors ' interests for the company to be wound up;
  3. to receive a statement of such other information known to the administrator as will enable the creditors to make an informed decision about the matters at paragraphs 2(a) (c) above;
  4. to receive details of any transactions that appear to the Administrator(s) to be a voidable transaction in respect of which money, property, or other benefits may be recoverable by a liquidator under part 5.7B of the Act
  5. to receive details of any proposed deed of company arrangement; and
  6. for the creditors of the Company(ies) to resolve that:
    1. the Company(ies) execute a deed of company arrangement; or
    2. the administration(s) should end; or
    3. the Company(ies) be wound up.

Other agenda items are:

  1. to determine the remuneration of the administrator(s)
  2. to determine the future remuneration of the administrator(s)
  3. to determine the deed administrator(s) and or liquidator(s) future remuneration if appointed
  4. any other business

If the Companies are to execute a deed of company arrangement:

1. to consider the appointment of a committee of inspection and if appointed, who are to be the committee members

2. to consider permitting any committee members to continue dealing with the Companies and their creditors on a business as usual basis during the external administration



If the Companies are wound up:

1. to consider the appointment of a committee of inspection and if appointed, who are to be the committee members

2. to consider permitting any committee members to continue dealing with the Companies and their creditors on a business as usual basis during the external administration

3. to consider authorising the Liquidators to compromise debts under section 477(2A) of the Act

4. to consider authorising the Liquidators to enter into agreements that may take longer than 3 months to complete under section 477(2B) of the Act

5. to consider the early destruction of the Companies books and records

Kordamentha Perth

E-mail: centennial@kordamentha.com